Sausage sliced: sanctions stall Cherkizovo IPO

Cherkizovo, the Russian meat and sausage producer seeking to list on the Moscow Exchange, has failed to get its re-IPO away, citing market volatility for postponing the deal.

• 26 Apr 2018

Green shoots of hope appear in Russian bond investing

With the shock of the latest round of Russian sanctions receding a little, EM investors are already seeking out the opportunities that last week’s volatility created. Even one holder of the sanctioned and problematic Rusal debt said he has increased his exposure to Sberbank.

• 19 Apr 2018

Sanctions freeze Russian IPO as US says more is coming

The IPO of IBS IT, a Russian technology company, was postponed on Friday due to “increased market volatility” driven primarily by US-led sanctions against Russia. According to Nikki Haley, US ambassador to the UN, more might be coming.

• 16 Apr 2018

Investors to keep buying Russian equities until they’re told to stop

Three new Russian equity capital markets deals were launched this week, with bankers confident that European equity investors are comfortable enough to buy Russian risk despite diplomatic tensions between the country and the West growing more hostile.

• 04 Apr 2018

Cherkizovo preps meaty Moscow share sale

Cherkizovo Group, Russia’s largest meat producer, has launched a $300m-plus secondary public offering on the Moscow Exchange to boost liquidity in its stock and raise funds for acquisitions and debt repayment.

• 03 Apr 2018

RusHydro gains momentum in Eurorouble

RusHydro, the Russian hydroelectric power generator, kicked off local currency Eurobonds for 2018 with a three year note on Thursday. DCM bankers said that internationally cleared local currency bonds will gain increasing traction this year.

• 08 Feb 2018

Rusal guides for five year

United Company Rusal has released price guidance for its Reg S/144A five year benchmark bond.

• 25 Jan 2018

Polyus Gold prints 'flat to fair value'

Polyus Gold, Russia’s largest gold producer, printed its $500m six year bond on Wednesday from a book of $2bn and flat to where lead managers said they saw fair value.

• 25 Jan 2018

One more joins Rusal mandate

United Company Rusal has added an extra bank to its bond mandate ahead of pricing for the Reg S/144A dollar deal, which is expected on Thursday.

• 24 Jan 2018

Polyus Gold talks bond, books over $1.1bn

Polyus Gold, Russia’s largest gold producer, has released price guidance for a six year benchmark bond and books for the deal are already over $1.1bn.

• 24 Jan 2018