The Russian corporate bond pipeline is beginning to grow and London-based emerging market debt bankers estimate there are up to 20 companies looking to do deals. "Russia is where the action is going to be," says Jan Mutsaers, head of debt capital markets for emerging Europe at ING Barings in London. Mutsaers says ING bankers will be pitching innovative structures in Russia to help lower-rated companies get deals done. Another emerging Europe banker says more Russian blue-chip companies need to come to market before it opens up to the second-tier. Companies such as Gazprom, Tyumen Oil, Sibneft and Vimplecom--a mobile phone services company--are likely to be the first out of the gate, he adds.
Russian Corporate Docket Fills Up