Moscow May Sell Up to RU50b of Bonds in 2H 2013: Sharonov

April 18, 2013


City Hall due to redeem ~RU50b of debt in 2013: Andrey Sharonov, deputy mayor in interview at Sberbank investment conference in Moscow.

“We can borrow within this amount and pay off our debt at once. This would definitely be in the second half, but I won’t give an exact date or amount”: Sharonov

“Moscow hasn’t sold bonds in 3 years; city’s debt seen “virtually at the level of the sovereign”: Sharonov

“We need to be present on the market so that people don’t get unaccustomed to the notes”: Sharonov

“Moscow’s 2013 borrowing ceiling is RU156b, maximum deficit is RU200b: Sharonov