Investors split on Russia Eurobond
The Russian sovereign is expected to come to market for a Eurobond, perhaps as early as March, but some investors are concerned that the strained diplomatic relations between Russia and the West make its paper too dangerous to invest in.
Ashmore Group is one such house. It is underweight Russia and has been scaling back its allocation to the country for more than 18 months, according to Jan Dehn, global head of research.Dehn was full of praise for the Russian central bank governor Elvira Nabiullina. “What she’s ...
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