Bankers prefer to borrow from her

The fact that the Russian market for domestic borrowing broke the record in 2010, the newspaper Vedomosti on Monday, April 25. As the newspaper notes, the decline in Eurobond compensated boom in domestic placements. Their volume for the year could reach 1 trillion rubles. C beginning of 2011 Russian companies and banks have taken on the local debt market 326 750 000 000 rub. In 2010 this figure stood at 191.6 billion rubles. At the same time there is a downturn in the Eurobond market: where the volume of IPOs decreased to $ 11.3 billion from $ 12.9 billion, experts polled by Vedomosti, explained the growth of the domestic debt market to several factors. Analyst at Troika Dialog, Alexander Kudrin believes that the demand for ruble instruments appeared due to high oil prices and lower inflation. Stanislav Bozhenko analyst at Alfa Bank, believes that the issuers rush to borrow, because now the stakes in the ruble zone are at historic lows, but it is quite possible that in the second half of the year inflation will accelerate and the rate of the Central Bank will raise. Thus, as the newspaper notes, the market is waiting growth rates in the second half of the year and the issuers tend to sleep as soon as possible, using the open window.