DAY TWO, 11:00-12:15
After years of surplus, the Russian budget is now in deficit, forcing the Government to become a more frequent issuer of bonds on the domestic and international capital markets. This increased borrowing requirement, has implications for both Sovereign and Corporate issuance, and puts them in direct competition with one another.
In an environment where CBR reserve accumulation is expected to continue to slow, the increasing financing requirements may have a profound impact on pricing and volatility in the Russian Fixed Income markets. The panel will comprise representatives of the government, analysts and investors as speakers who will debate the outlook for FI.