Door to Russian bonds flies open as Putin sweeps back to power

09 Mar 2012

Russian Eurobond deals are back on track after market fears of political turmoil dissipated this week. Bond issues from the sovereign, corporates and banks are firmly back on the agenda, given the lack of a mass uprising at the outcome of the country’s presidential elections on Sunday — in which Vladimir Putin unsurprisingly swept back into the post he had held for eight years before becoming prime minister in 2008.

The Russian Ministry of Finance is expected to be the first to enter the market, looking for a deal before the end of this month. Others are close behind.

In December, the sovereign mandated BNP Paribas, Citi, Deutsche Bank, Sberbank and VTB for the deal. Bankers said in January ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial