Sanctions on Russia show bright side as corporates push to cut debt
Eurobond issuance from its firms dwindle to US$77m this year from US$28b in same period in 2013
London
SANCTIONS against Russia aren't all bad news for the nation's companies.
As the European Union (EU) extends penalties that are locking Russia out of global debt markets, corporate borrowers will be forced to reduce debt burdens that soared to the highest in at least a decade in 2014. Eurobond issuance from the nation's companies dwindled to just US$77 million this year from US$28 billion in the same period in 2013, according to data compiled by Bloomberg.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Israel concerned over possible ICC arrest warrants related to Gaza war
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
G7 reaches deal to exit from coal by 2035
US, Britain urge Hamas to accept Israeli truce proposal
Saudi Arabia says economic revamp momentum intact as plans shift
German inflation creeps up to 2.4% in April