CP dealers advise stubborn Russian issuers to print more

By Kathleen Gallagher
16 Apr 2014

Commercial paper dealers are urging Russian banks to increase their issuance of the product, but are having a hard time convincing anyone as the borrowers are unwilling to pay up to print.

“Dealers are urging us to use the commercial paper market as there is strong demand there, but levels are unfavourable at the moment,” said a funding official at one Russian bank.

Commercial paper dealers think banks may print more CP than bonds this year, given the tough ...

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