The world’s best borrowers in 2006
 |
| Gazprom: about to turn off its benchmark programme? |
Although Gazprom had a superb 2005, it has issued no bonds so far this year. In the words of one debt capital markets banker: it’s “so bloody liquid, it’s not even funny”. Investors hungry for exposure to Russian risk have grown accustomed to using the state-owned gas monopoly as a proxy for sovereign debt, but they’ve been starved of the opportunity in the first half of 2006.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
