RUSSIA: THE NEXT CHAPTERRussia’s central bank is preparing to set up a domestic corporate bond market to make it easier for companies to raise funds – as well as to consolidate the country’s large but unruly promissory note market. The market for veksels, as promissory notes are known in Russia, is estimated to be as large as $90 billion, making it nearly twice the size of the government securities market. Daily turnover in veksels regularly exceeds $1 billion. |
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
