Qiwi Plc’s planned $403 million secondary share sale is the first major equity offering by a Russian company since President Vladimir Putin’s incursion into Ukraine triggered a rout in the stock market.
When Igor Sechin was working as President Vladimir Putin’s deputy chief of staff a decade ago, visitors to his Kremlin office noticed an unusual collection on the bookshelves: row after row of bound volumes containing minutes of Communist Party congresses.
Russia’s winning bid to host soccer’s 2018 World Cup is driving the biggest bond rally in five months for its largest steelmakers as the government prepares to spend at least $9.6 billion on stadiums and expand airports and roads.
Russian stocks will surge next year, sending the RTS Index up 38 percent, as the country wins World Trade Organization membership and the government reduces control of the economy, according to Troika Dialog.
Investors are too bearish on Russian equities and should bet on a rally using options as Vladimir Putin will probably win the presidential election and implement reforms to stay in power, according to Societe Generale SA.