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Russia & CIS

Regulatory Tweak Could Boost Russian Corporate Green Loans Pipeline

A new mechanism to compensate for the “green premium” on loans could incentivise businesses to tap the nascent market.

26 Feb 2020

Russian Government Reshuffle Spreads to MinFin as Another Key Minister Set to Leave

Storchak, a veteran of the finance ministry is expected to resign in coming days, according to state media reports.

18 Feb 2020

Russia Sovereign Wealth Fund to Buy Out Central Bank Stake in Sberbank

The move is expected to ease concerns about the potential conflict of interest (regarding the CBR’s partial ownership of Russia’s biggest bank) and should provide additional funds for the “January Revolution” of additional social spending announced by President Putin at the start of this year.

17 Feb 2020

Sovcombank Sees Opportunities in Russia’s National Projects, Retail, and Green Finance

A number of large Russian banks were briefly teetering on the edge three years ago, as the industry was hit by a wave of bankruptcies and bad headlines. What followed was a five-year cleanse of the sector by the Central Bank and affiliated government agencies, and those lenders that came out unscathed at the end of it are now reaping the benefits of a less crowded and more stable industry. One of…

14 Feb 2020

Eastern European and Turkish Bond Market Activity Picks Up, Driven by Bank Issues

An FI bond’s record price tightening, a new issuer from the CIS, a USD-denominated perp from a major Russian lender and three Turkish issues have blown the CEEMEA bond markets wide open.

5 Feb 2020

Middle East Investor Appetite for Russian Bonds Grows with Latest Bank Deals

In January this year, Emirates NBD became the first Middle Eastern bank to participate with an international bond from Russia, but investors from the region have been increasing their exposure to Russian credits for some time.

4 Feb 2020

SQB Opens Up Uzbekistan’s Corporate Bond Market with Finance Ministry’s Guidance

Uzbekistan’s oldest lender, state-owned SQB, issued its inaugural Eurobond months after the sovereign made its international market debut. Bonds & Loans speaks to Odilbek Isakov, the Deputy Finance Minister of Uzbekistan, and Aziz Voitov, the Chairman of SQB, about the challenges of fast-tracking the development of debt capital markets in frontier economies – where issuers are queuing up to take…

29 Jan 2020

Africa-Russia Economic Linkages Will Struggle to Expand Beyond Security, Arms, Soviet Vestiges

There seemed to be no shortage of talk in 2019 around bolstering commercial and trade links between Russia and a number of African countries, but after high-level summits and dozens of press releases, industry observers see limited scope to expand those economic linkages beyond security, arms, and soviet vestiges.

28 Jan 2020

Single Investor Sweeps Up Russia’s RUB58bn OFZ Auction

Analysts are puzzled by what is being described as one of the strangest local bond trades by the Russia MinFin in recent history.

24 Jan 2020

RUB to Face Downward Pressure due to Balance of Payments - ING

Tepid balance of payments figures in Russia are contributing to a shrinking current account surplus, which will place downward pressure on the ruble, according to a report from ING.

22 Jan 2020

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