Debevoise & Plimpton

Mining capital resources — an overview of Russian eurobonds

Over the course of the past 10 years, the eurobond markets have become an increasingly important source of funding for Russia’s leading companies. In April 2013 alone, Russian corporate issuers, with metals and mining companies to the forefront, took advantage of historically low interest rates to raise in excess of $11bn (£7bn).

While market conditions have changed since May 2013 against a background of capital outflows from emerging markets in response to indications of a reduction of quantitative easing by the US Federal Reserve, the Russian eurobond market is firmly established and likely to continue to be of interest to corporate borrowers. This article summarises some of the key considerations for a Russian company in planning a eurobond issue.

Since it is not currently practicable for tax and regulatory reasons for a Russian company itself to issue eurobonds, two structures have evolved for eurobond offerings by Russian companies, both of which involve the issuance of the eurobonds by an offshore issuer rather than the Russian company, which forms the underlying credit…

If you are registered and logged in to the site, click on the link below to read the rest of the Debevoise & Plimpton briefing. If not, please register or sign in with your details below.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Debevoise & Plimpton

View more briefings from Debevoise & Plimpton

Analysis from The Lawyer

  • Shell

    Shell: taking the power back

    Shell legal director Peter Rees is switching litigation control away from external counsel to a unified global team of in-housers

Browse This Firm’s

Overview

Old Broad St
London
EC2N 1HQ
UK