Tuesday, October 2, 2012

Goldman Sachs Estimates: Russian Bond Plan May Yield $30 Bln

Investors are buying record amounts of notes paying returns based on ruble bonds as Russia prepares to open the market to foreigners. Russia plans to expand the investor base for its 3.1 trillion-ruble ($96 billion) treasuries market by allowing foreign investors to buy and sell through Euroclear Bank SA, the world’s biggest bond settlement system, after five years of discussion. The move will attract $20 to $30 billion by mid-2013, Clemens Grafe, chief economist for Goldman Sachs in Russia, said in a Moscow interview.


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