Russian Rail forges ahead but two more hold fire

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By Francesca Young
05 Mar 2020

New emerging market bond issues are being assessed on a case by case basis as a split between those issuers keen to forge ahead and those preferring to delay emerges.

Russian Railways released price guidance this morning for a Sfr250m six year bond at 160bp-170bp over mid-swaps. JP Morgan, UBS and VTB Capital are arranging the deal, which will be the first ever Russian Swiss franc green bond.

The Baa2/BBB-/BBB rated state-owned company has Swiss ...

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