Russia set to issue first sovereign after 1998 default

It has been 12 years since Russia defaulted on its sovereign debt and a lot has changed. With market fundamentals in its favour, can Russia get it right this time?

Russia is currently on the road marketing its first sovereign bond issue since it defaulted on its debt in 1998.

At the AsianInvestorFinanceAsia Russia Capital Raising and Investment Summit in Hong Kong this week, Ben Aris, editor-in-chief at Business New Europe, led a panel discussion about what the deal will mean for the development of the Eurobond markets and for Russia.

The country's return to the international markets, which comes amid strengthening Russian credit fundamentals, is part of the Ministry of Finance's plan to borrow about $17.8 billion from overseas.

Observers say the window for pricing is there for the taking. Russia doesn't have any need to issue debt at...

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