RUSSIA’S ENTRY INTO EUROBOND MARKET DELAYED.

The Russian government is unlikely to begin to sell Eurobonds before the presidential election in June, Finansovye izvestiya reported March 26. The government has announced plans to open the market for state bonds to foreign investors with a Eurobond issue totaling $300-500 million but, the newspaper says, it will be two or three months before all the details are worked out. It is also felt that foreign investors will be more likely to enter the market once the outcome of the election is known.

July 7 or 14 Likely Dates for Second Round.