Financial Times пишет о росте иностранных заимствований со стороны российских компаний – несмотря на почти полностью закрытый для них санкциями доступ к этому рынку.
Глава инвестиционного банка «Ренессанс Капитал» Игорь Вайн, давший интервью газете, сказал, что его компания все более активно перемещает свою деятельность c внутреннего на внешний рынок.
«В течение первых шести месяцев нынешнего года наблюдается существенный рост российских финансовых активов. Готовность инвесторов приобретать крупные корпоративные долги российских компаний означает, что, по всей видимости, худшее для России позади», — отметил он.
Принадлежащий Михаилу Прохорову «Ренессанс Капитал» только что вместе со Сбербанком и «Ситибанком» завершил сделку по переоформлению задолженности размером 150 млн. долларов промышленно-металлургического холдинга «Кокс».
«В большинстве развитых стран процентные ставки по кредитам очень низкие, если не негативные, и Россия на этом фоне представляет собой значительный интерес для инвесторов», — говорит Вайн.
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Russian corporates prepare foreign debt blitz
Russian businesses are preparing to issue a blitz of foreign debt, despite financial sanctions that have all but closed the country’s access to international capital markets for the last year, according to the head of one of its leading banks.
Igor Vayn, chief executive of investment bank Renaissance Capital, told the Financial Times his business was doing less domestic business and has allocated more resources to other geographies. But he indicated the “worst was over” for Russia.
“There are a number of companies preparing themselves especially on foreign currency side and they’re getting ready to issue new debt,” he said.
“There’s been a strong rally in Russian financial assets in the first six months of the year,” Mr Vayn added. “The fact that investors are ready to buy Russian strong corporate debt is indicative that most likely the worst is over.”
Renaissance Capital is owned by billionaire Mikhail Prokhorov, a Russian politician and former industrialist. Along with Sberbank and Citi, it has just closed a $150m debt exchange for IMH, an exporter of pig iron and producer of merchant coke, which gave the Russian company an extra two years borrowing time on a bond.
Another bank, OAO Ak Bars, is working with Credit Suisse and UBS to try to raise up to $400m in bonds in what would be the first foreign-denominated debt issuance by a Russian bank in six months.
“Interest rates are very low if not negative in many developed countries, that’s why people are looking for opportunities somewhere else, in this case Russia does present a very interesting opportunity for them,” Mr Vayn said.
He added that investors from Europe had been particularly active, most notably from the Swiss private banking sector. There has also been a “decent amount of activity” out of the US, he added.
Renaissance Capital plans to expand its team in the US and elsewhere. Growth in sub-Saharan Africa and other frontier markets is the main mandate o