Repatriated cash to spur even better year for Russian ECM in 2020
Russian equity capital markets activity has been on fire with $3.5bn of issuance so far this year, up 369.5% from the year before, and market conditions suggest next year could be even better.
Russian ECM issuance this year may not have topped the $7.4bn done in 2017 but it has outstripped volumes in 2018 and the $3.1bn done in 2016.
A Rb15.9bn ($249.7m) trade in Detsky Mir added to the market's renaissance after sanctions devastated issuance last year."There seems to ...