Corporate issuance surge could hit rouble, warn investors

marcus-svedberg-east-capital
Marcus Svedberg, East Capital

A predicted $25 billion of Eurobond issuance this year from Russian corporates may cause a weakening in the rouble, according to bond investors.

Marcus Svedberg, chief economist at East Capital, warns companies must heed the lessons of 2009, when Russian corporates that had borrowed heavily in foreign currencies during the commodities boom suffered when prices declined and the rouble was devalued.

“It could be a case of too much, too fast,” he says. “Issuance on this scale will undoubtedly put

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: