Russian corporates to issue local-currency bonds in February

By Reshmi Basu

New York, Feb. 14 - Several Russian corporates are expected to price ruble-denominated debt offerings this month, according to a market source.

International Moscow Bank plans to issue 3 billion rubles of 10-year bonds on Wednesday.

Also pricing Wednesday, Russian Standard Bank plans to issue 6 billion rubles of three-year bonds.

Vneshtorgbank is expected to sell 15 billion rubles of 10-year bonds this month.

And energy producer Mosenergo is expected to price 5 billion rubles of 10-year bonds at the end of February or start of March.

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