Debt Markets Today - September 22, 2021. Finance Ministry Targets Higher Local Borrowing in 2022, Metalloinvest Gets Second IG Rating
CIS EUROBOND MARKETYesterday, Russian Eurobonds were able to recover some of the losses sustained during Monday's bout of pronounced risk-off sentiment across global markets. The Russia 43 and Russia 47 managed to recoup 0.2 pp.GOVERNMENT DEBTFollowing the selloff the day before, yesterday OFZs recovered, in line with the performance of other risk assets. Yields shifted 2-5 bps lower for the day, having received additional support from the Finance Ministry's decision to offer just R15 bln in OFZs at this week's auction and reduce the duration. Volumes traded on the Moscow Exchange totaled R17 bln, of which R14 bln came in short- and medium-dated issues.STORIES> Finance Ministry targets higher local borrowing next year> Metalloinvest obtains second investment-grade rating
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