Russian sovereign dollar bonds rose across the curve and the cost of insuring exposure to Russian debt fell on Feb.26, after ratings agency S&P Global raised the country’s credit rating to investment grade late on Feb. 23.
Russia’s 2043 eurobond rose 1.4 cents to 115 cents in the dollar according to Tradeweb, a near one-month high. The 2026 issue was up 0.69 cents to 105 cents, and the 2027 issue was up 0.72 cents to 101 cents.
