Sberbank CIB

Borrowing conditions for Russian issuers are the best they have been since 2013 and as changes to onshore funding conditions push more borrowers offshore, several corporates as well as the sovereign are expected to raise international money ahead of the US elections in November, according to DCM heads at VTB and Sberbank.

Russia sold a 10.9% stake in Alrosa, the world’s leading diamond miner, via an accelerated bookbuild which began in the evening on July 6, announcing the pricing on Monday this week.

Uranium One, the Russian state mining company, is offering to buy back some of its dollar bond due 2018.

Several Russian companies are considering issuing Eurobonds following the successful placement of nearly $2bn of corporate paper from the country this month, according to analysts.

Sberbank CIB, the corporate and investment banking business of Sberbank, has appointed a new head of its global markets department.

After a stellar book for Novolipetsk Steel's (NLMK) new issue on Wednesday, trades from Sovcomflot and Evraz on Thursday morning will test the true level of investor appetite for Russian corporate debt.

Sberbank believes around $20bn of the $30bn of non-distressed Russian corporate Eurobonds maturing in 2017-2018 could be bought back or replaced with new, longer-dated bonds in the near future.

Sberbank has chosen Netherlands–headquartered Wolters Kluwer’s OneSumX for risk management platform to streamline its global treasury operations.

Russian container terminal operator Global Ports Investments printed the first Russian debut bond since the Crimea crisis on Monday in a deal that was 3.5 times subscribed.

Russian container terminal operator Global Ports Investments has released guidance for a $350m long five year bond on Monday, offering much more than several other double-B rated credits from the country.

Russian container terminal operator Global Ports Investments has mandated six banks for its debut Eurobond and is embarking on a roadshow for the deal. The last time a debut issuer from the country tapped the bond markets was in 2013.

Russian software firm, Kaspersky Lab, is refinancing a credit facility with international banks and reducing the margin despite many Russian borrowers paying more for their loans.