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Russia & CIS

Video: Dorothea Froehlich, Managing Director, Fund Manager, Mainfirst

The impact of the Saudi-Russian oil deal on the Russian economy

31 Mar 2016

Gazprom could issue Eurobond

Gazprom is looking increasingly likely to issue a Eurobond which would be the first for Russia since the start of the year.

14 Mar 2016

Azerbaijan could issue bond to fund energy project

Azerbaijan could tap the international capital markets to continue financing its flagship energy project as the country’s revenues are tightened due to low commodity prices. The country’s ability to attract investment will depend on its ability to adapt to current conditions.

14 Mar 2016

Gazprom agrees €2bn loan with Bank of China

Gazprom is borrowing from the Bank of China to fund capital expenditure amid low gas prices. However, with Chinese companies likely to ask for higher yields than Russian borrowers are willing to offer, Russo-Chinese partnerships could be few and far between.

7 Mar 2016

Russian bonds on the rise

Russian local bonds are increasing their performance against most other emerging market debt. An easing in monetary policy, combined with a slowly improving oil outlook have contributed to the bonds rise. Decreasing risk sentiment around the country will also contribute to the popularity of the country’s potential Eurobond.

3 Mar 2016

Appetite frozen for Russian sovereign bonds over legal complications

The Russian state is looking to the international debt markets to raise funds. Any sovereign debt could attract large investor demand, but a lack of fiscal transparency in the country has fuelled worries that sanctioned companies may be the real beneficiaries of any debt raised.

18 Feb 2016

Norilsk Nickel to tap local debt market

Norilsk Nickel is planning to tap the local debt markets this week. With a history of oversubscribed foreign debt issuances this comes as an anomaly, but the company is issuing the debt due more to demand than necessity.

18 Feb 2016

Saudi Arabia, Russia agree oil output freeze as Iran, Iraq enter spotlight

The world’s two largest oil exporters have agreed to a freeze in output as long as other large oil exporters do so as well. The preliminary deal is the first between OPEC and non-OPEC counties in 15 years.

17 Feb 2016

Russia considers selling stakes in state companies

Russia is experiencing large capital outflows as the country’s economy falters under collapsing oil prices. To cover losses from oil revenues, the Kremlin is looking to sell off stakes in certain state assets.

5 Feb 2016

Russian bank VTB could buy back yet more of its Eurobonds

VTB has had a recent trend of buying back its bonds, and recent hints that it could do so again raises questions over how the bank is coping under western sanctions and low commodity prices.

28 Jan 2016

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