Public bond market looks to Evraz for signs of recovery

April 16, 2008 12:00 am

The new bond issue market for emerging market borrowers has polarised. Gazprom and Halyk Bank’s issues suggests highly rated corporate and sovereign issuers can place chunky public deals. But at the other end, super-high yielding private deals are being sold to a handful of hedge funds. In a further fillip to the public markets, Russian steel maker Evraz is roadshowing its Reg S 144A benchmark, its first since 2005.

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