Putin Selling First Euro Bonds as Yields Tumble: Russia Credit

Russia is planning its first ever sale of bonds in euros to revive corporate borrowing in the currency as yields tumble relative to dollar debt.

The government, which raised $5.5 billion in its first global bonds since 1998 in April, may seek a similar amount in euros to set a benchmark rate for companies, Deputy Finance Minister Dmitry Pankin told reporters in Washington on Oct. 8.