Russia
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The long saga of Rosneft’s privatisation ended on Wednesday evening with a surprise announcement by the Russian government of the sale of a 19.5% stake in the oil giant to Glencore and the Qatar Investment Authority. -
The tortuous saga of Rosneft’s privatisation took another turn on Monday when the Russian oil giant placed a Rb600bn ($9.4bn) bond in the local market.
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Russian gas processing and petrochemicals company Sibur is offering to buy back for cash some of its dollar bonds maturing January 2018, the company announced on Thursday.
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The Saint Petersburg International Mercantile Exchange has started trading Russian oil futures, the first derivatives available on the product.
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RussNeft, the Russian oil company controlled by Mikhail Gutseriev, has completed its oversubscribed Rb32.3bn ($502m) IPO on the Moscow Exchange.
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In this round-up, the People’s Bank of China (PBoC) sets the dollar-renminbi fix at a new record low, a new policy push for the Shanghai free trade zone (FTZ), and the China Securities Regulatory Commission appoints two new RMB qualified foreign institutional investors (RQFII). Plus, a recap of our coverage this week.
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One of the last two substantial European IPOs of 2016 looks set to be completed on Friday, when RussNeft, one of Russia’s 10 largest oil companies, floats in Moscow for at least $495m.
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RussNeft, the Russian oil company controlled by Mikhail Gutseriev, looks set to complete its IPO on Friday, after the bookbuild reached its end on Thursday afternoon, at a valuation of at least $2.5bn.
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Emerging markets bond bankers were keeping upbeat on Thursday about the prospects for further issuance from CEEMEA this year, despite the failure of one of the few deals in the pipeline to emerge as expected.
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RussNeft, the Russian oil company controlled by Mikhail Gutseriev, published today (Friday November 18) the price range for its IPO in Moscow, and opened the book at 10am Moscow time this morning.
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Gazprom has mandated Deutsche Bank, Gazprombank, UBS and VTB Capital to act as joint lead managers for a Swiss franc bond set to come to market later this month.
