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Emerging MarketsEM CEE

Financial duo prepare to reopen Russia with benchmark euros

Russia flag/map

Russian state controlled banks Sberbank and Gazprombank are preparing to bring the first benchmark deals from the country in almost four months. Deep demand, competitive pricing and lower execution risk have pulled both borrowers to euro market — Sberbank for the first time. Bankers and buyers are predicting smooth execution, and welcomed the first real sign of the Russian market’s rehabilitation.

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