Russian bonds: Short on risk, long on reward | Russia Beyond The Headlines

Russian bonds: Short on risk, long on reward | Russia Beyond The Headlines:

"

 Drawing by Niyaz Karim

Russia has long been an active player on the international debt market – and in fact has strengthened its position since the crisis of 2008.
Rising demand from a widening range of international investors, outstripping supply many times over, has spurred a growing volume of placements by Russian companies.
Many issuers have proven themselves reliable borrowers, allowing them to make placements without special road shows.
So why are Russian Eurobonds attractive for foreign investors?
Their main advantage is high profitability, relative to debt instruments from other developing and developed countries. Compare Russian sovereign bonds in U.S. dollars (rated BBB, Baa1 and BBB by Fitch, Moody’s and S&P respectively) with 10 year U.S."

'via Blog this'