Russian borrowers are returning to life as investors start to brush off sanctions risks, though issuance is still weak compared to the same time last year. Evraz hits the road for a five year dollar bond on Wednesday and Credit Bank of Moscow (CBM) came to market on Monday.
Evraz, a Russian mining and steel company, has mandated Bank of America
, Gazprombank , JP Morgan
and Sberbank for a dollar benchmark. The issuer will go on the road in the US, Europe and Moscow to promote the sale of a five year dollar