Steely Russian pair first to test bonds after August sanctions

Moscow Russia 230px
By Francesca Young
05 Sep 2019

Two Russian steel companies have announced mandates and roadshows this week and look set to become the first corporates from the country to test the bond market since the latest round of US sanctions on their country in early August.

Steelmaker Severstal was the first to announce its mandate this week. On Tuesday it picked CitiJP Morganand Société Généraleas joint global co-ordinators and joint bookrunners, and ING, Sberbank and VTB Capital as joint bookrunners.

The roadshow for the Reg S/144A senior dollar bond started on Wednesday and ...

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