Moscow Exchange Anticipates Issuing First "Replacement Bonds" in September
Source: Anne
Moscow Exchange MOEX.MM, Russia's largest bourse, said the first issues of so-called "replacement bonds" that Russian companies need to replace unserviceable Eurobonds should take place in September.
"We hope that the first issues of replacement bonds will appear at the end of September, as there is not much time left before the end of the year," said Ekaterina Nagaeva, director of the bourse's listing department, in comments cleared for publication on Monday.
Moscow Exchange eyes a gradual return to normal. Most recently, The bourse announced to relaunch Evening Stock Trading in Steptember and launch Digital Financial Assets by Year End.
Source: Reuters
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