Russia to sell first Eurobond in more than a year
In a sign that it expects Joe Biden to be president, Russia is seizing on a market rally after the US elections
Moscow/Brussels — Russia is seizing on a market rally after the US election to sell its first Eurobond in more than a year.
The sale will allow Russia to lock in low borrowing costs now in case US president-elect Joe Biden takes a tougher stance towards Moscow. Emerging-market bond yields fell to a record low this week on expectations of increased stimulus and a coronavirus vaccine...