Investors nervously await Nord Stream 2 sanctions detail
US Energy Secretary Rick Perry said on Tuesday that a sanctions bill restricting companies involved in Russia's Nord Stream 2 project would come in the “not too distant future”. That left investors wondering how and if this will affect their portfolios as bond bankers dredged up memories of when Nord Stream 1 was on track to print its own international bond through BNP Paribas before capital markets sanctions were imposed on Russia in 2014.
For the most part, investors seemed to take the news well, saying that they needed more details of the proscriptions before markets were alarmed.The company has no Eurobonds outstanding, though a Nord Stream 1 deal had previously been planned, demonstrating potential appetite from the stable of issuers ...
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