Russia Said to Face Eurobond Setback as Many Banks Shun Deal

  • No suitable underwriter has been found, officials say
  • All but two Western banks have avoided the deal, official says

Russia hasn’t been able to line up a suitable lead manager for a planned $3 billion Eurobond because of U.S. and European Union pressure on major banks not to participate, meaning the high-profile sale is likely to be delayed or even shelved, senior officials said.

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