Renaissance Securities is set to place a five-year eurobond worth $325 million with a yield of 11 percent, IFR Markets said Friday.
Renaissance's issue comes along with Promsvyazbank's three-year eurobond placement, worth $500 million with a yield of 6.20 percent, at the lower end of initial guidance, IFR said. Russian corporate borrowers have already raised more than $6 billion on the eurobond market since the start of the year. Midsized Tinkoff Credit Systems Bank placed a $175 million eurobond issue Thursday.
More Russian borrowers are expected to test the debt market in upcoming weeks, with steelmaker Evraz and Alfa Bank leading the list, sources said earlier.