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Russian Billionaires in Bond-Market Sprint as U.S. Lists Elites

  • Phosagro, Polyus, Rusal, Alfa Bank are all in the market
  • Companies sell as U.S. preps list of Kremlin-linked tycoons
Updated on

The risk of appearing on a U.S. list of Kremlin-connected billionaires is giving Russia’s richest an extra reason to join the flood of emerging-market bond sales.

Oleg Deripaska, Mikhail Fridman, Suleiman Kerimov and Andrey Guryev -- worth a combined $33 billion according to the Bloomberg Billionaires Index -- have sold or are marketing international bonds this month via the companies they or their families control. With one eye on the Treasury report due this month that could imperil future deals, the businessmen are seizing on the cheapest developing-nation borrowing costs versus Treasuries in more than three years, analysts said.