Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

Japan Spurs Borrowing Rush

Corporate borrowers are in a hurry to test debt markets for possible eurobond issues, worrying that Japan's nuclear crisis could soon close a borrowing opportunity, banking sources said Tuesday.

Promsvyazbank, ranked among Russia's top 10 lenders by assets, plans a three-year eurobond issue this week along with Renaissance Securities' five-year eurobond placement.

Steelmaker Evraz plans to start a roadshow Wednesday to test the market for its upcoming eurobond issue. Evraz is eyeing a "long paper" maturing in the next six-seven years and is likely to raise at least $1 billion.

Read more

Russia media is under attack.

At least 10 independent media outlets have been blocked or closed down over their coverage of the war in Ukraine.

The Moscow Times needs your help more than ever as we cover this devastating invasion and its sweeping impacts on Russian society.