Banking

The growing world of covered bonds

The growing world of covered bonds

Activity in traditional markets may have slowed as banks weigh up other funding options, but new issuers and new structures are keeping deal-makers on their toes. Tim Burke reports.

In profile: Russian Railways' Pavel Ilichev

In profile: Russian Railways' Pavel Ilichev

Roubles, dollars, pounds and now Swiss francs: Russian Railways has journeyed the debt markets to find the best funding opportunities. Pavel Ilichev, its deputy head of corporate finance, takes Tim Burke on the tour.