Riskier Raspadskaya bond to test market appetite
Russian coal producer Raspadskaya has mandated Goldman Sachs, Morgan Stanley, Troika Dialog and VTB Capital to arrange a bond roadshow. The meetings will start in Switzerland on Friday, before moving to London on Monday next week, New York on Tuesday, Boston on Wednesday and Los Angeles on Thursday.
Raspadskaya is rated B1 by Moodys and B+ by Fitch.
Everyones going to be watching this issue as an indication of the markets risk appetite, said one syndicate official away from the note. We havent had an issuer with this low a rating so far this year but
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