Investment & Corporate Banking

Bond markets: Long live local currencies

Bond markets: Long live local currencies

Investors are being offered more frequent opportunities to back bonds in roubles, lira, naira and other emerging-market currencies. But building these markets takes time and effort from many parties. 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.