Russia Wants To Sell Eurobonds Before Biden Takes Office!

Russia Wants To Sell Eurobonds Before Biden Takes Office! Russia wants to sell eurobonds before Biden takes office. Russia took the first step to quickly issue eurobonds before Joe Biden, elected president of the United States, took office. Democrat Joe Biden was the winner of the highly contentious election process in the USA on November 3. Russia, which wants to take advantage of the rally in the markets after Biden's election as president, will sell eurobonds for the first time in a year. Accordingly, Russia will have borrowed low-cost in advance in case the new President Biden takes a tough stance against Moscow. While emerging markets after the election were supported by the optimism that occurred with the increase in incentive package expectations and positive news about the coronavirus vaccine, bond interest rates fell. Yesterday, Maria Radchenko, director of Renaissance Capital's bond research unit, who evaluated the foreign currency bond issue, said, “It is a good time to sell. The sanctions rhetoric has decreased and the appetite for risk has increased sharply since the elections. he used the expressions. On the other hand, Russia started to gather demand to issue euro-denominated bonds with 7 and 12 years maturity.