M&A Jumps to Three-Year High on Debt Cost Drop: Russia Credit

Russian mergers and acquisitions hit a three-year high this quarter as companies took advantage of a drop in dollar borrowing costs.

Deals involving Russian companies reached $33.8 billion since Sept. 30, the most since the last three months of 2007 and three times the level in the same period last year, according to data compiled by Bloomberg. The figure compares with $37.7 billion for China and $8.2 billion for Brazil, the data show.