Russia Says Banks Balked at `Easier Deal' Than Argentina's Bonds
- Government is reconsidering its borrowing plan, Oreshkin says
- Deputy finance minister says banks in no `rush' after tensions
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Investors starved of Russian debt would snap up a new issue faster than they embraced Argentina’s landmark bond sale last month, according to Deputy Finance Minister Maxim Oreshkin.
Banks that jumped at the opportunity to organize Russia’s first offering of international debt since 2013 have cooled to the idea after pushback from authorities in the U.S. and Europe, he said in a Bloomberg Television interview. Now that lenders “aren’t in a rush to do a deal,” Russia is reconsidering its plans, according to Oreshkin, who spoke from the Milken Institute Global Conference in Beverly Hills, California.