Borets International pounces on Treasuries non-taper rally

By Francesca Young
19 Sep 2013

Borets International was the first emerging market name to act to take advantage of rallying US Treasuries and EM spreads after the US central bank unexpectedly said on Wednesday that it would not scale back its stimulus programme until the economy improved further.

The Russian oilfield services company has released initial price thoughts at a yield of 7.625% area for a $420m five year bond. Deutsche Bank, Morgan Stanley and Sberbank are arranging the deal. Books are open and the deal is expected to be Thursday's business.

Roadshow meetings finished on ...

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