Russian issuers grab cash in $7bn redemption spree
Russian borrowers are wasting no time in dealing with $7.3bn of their corporate bonds about to come due.
Between March 24 and May 17, $7.29bn of Russian bonds are up for redemption, according to analysis by one European investment bank. Borrowers looking to refinance already have encouraging precedents to follow this week. Sovcomflot wrapped up pricing for a $150m tap on Monday, while Norilsk Nickel and ...
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