Moscow plans to sell as much as 160 billion rubles ($4.8 billion) of bonds by year-end, betting its re-emergence as the benchmark for Russian regional debt sales will lead to lower borrowing costs. Russia’s capital city intends to sell 40 billion rubles of bonds on Oct. 3 and may offer 120 billion rubles more by Dec. 31, according to the Moscow finance department website. The yield on its three-year bonds due June 2016 fell 10 basis points to 7.41 percent since the first day of trading, compared with a drop of 88 basis points for January 2017 euro debt of Madrid, ranked the same at Fitch Ratings.
Posted on: Thu, 15 Aug 2013 14:27:32 +0000
Trending Topics
Recently Viewed Topics
© 2015