Bonds, equities hit as investors spurn soaring Russian risk

12 Sep 2008

The flight from Russian assets gathered pace this week even as the queue of borrowers from the country hoping to issue in international debt and equity markets grew yet longer.

Local stockmarkets plunged, the rouble weakened and sovereign CDS widened, leaving the $20bn pipeline of potential bond issuance moribund and stifling the plans of Russian Railways, VTB and Alfa Bank. IPO candidates out in the cold include TNK-BP, EuroSibEnergo and Integrated Energy Systems.

$20bn bonds pipeline shuts down, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Oops, something went wrong

We're sorry but at the moment we can't load this data