DCM bankers predict Russia bond blackout over sanctions fears

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By Francesca Young
12 Apr 2018

DCM bankers have seen an evaporation of their Russian bond business this week reminiscent of 2014 when US and EU financial sanctions were first put in place against the country. Fears of further sanctions have meant that the whole Russian bond market is under scrutiny, and pressure.

One DCM banker focused on Russia said that it is highly unlikely any bonds from the country will be printed in the next few months and several investors told GlobalCapital that there is too much uncertainty over further measures for them to see value yet in any Russian bonds.

The ...

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