Russia joins inflation-linked bonds club (FINANCIAL TIMES)
Wed Jul 22, 2015 2:19 pm
Russia last week joined the club of emerging market nations that issue inflation-linked bonds, with a heavily oversubscribed debut Rbs75bn ($1.3bn) issue.
The move, a rare recent success for a country battling the twin perils of recession and international sanctions, puts Moscow on a par with the likes of South Africa, Brazil, Mexico and Turkey in issuing inflation-linked debt.
However, all these countries, Russia included, share something else. On the face of it, their linkers look poor value compared with nominal government bonds......................
To read further go to this link: ft.com
The move, a rare recent success for a country battling the twin perils of recession and international sanctions, puts Moscow on a par with the likes of South Africa, Brazil, Mexico and Turkey in issuing inflation-linked debt.
However, all these countries, Russia included, share something else. On the face of it, their linkers look poor value compared with nominal government bonds......................
To read further go to this link: ft.com
- Zhukovsky: $25 a Barrel of Oil, $1=125 Rubles and 30% Inflation in Russia by 2016
- Ukraine News in brief. Monday 28 August. [Ukrainian sources]
- Ukraine crisis. News in brief. Wednesday 17 May. [Ukrainian sources]
- Ukraine News. Friday 20 July. [Ukrainian sources]
- Ukraine News. Tuesday 17 April. [Ukrainian sources]
Permissions in this forum:
You cannot reply to topics in this forum