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MOSCOW, April 13 (Reuters) - The City of Moscow plans to tap the bond market in April for the first time since 2013, raising up to 70 billion roubles ($907.62 million) to cover budget shortfalls caused by the COVID-19 pandemic, Deputy Mayor Vladimir Efimov said.
The Moscow bonds will be of the same investment-grade quality as Russian state OFZ bonds, but their lower profile and volume means they will carry a lower sanctions risk, potentially giving foreign investors a safer instrument to invest in.
Ties between Russia and the West are at a post-Cold War low and Washington is weighing new sanctions against Moscow over alleged political meddling and hacking, allegations Russia denies.
By Reuters Staff
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CARACAS (Reuters) - Venezuela’s government wants funds frozen in the United States to be put toward paying for coronavirus vaccines and will keep working with the opposition to negotiate this payment, the head of the government-controlled legislature said on Tuesday.
FILE PHOTO: People walk on a busy commercial street amid a spike in infections of the coronavirus disease (COVID-19) that has led the government to extend lockdown measures, in Caracas, Venezuela April 6, 2021. REUTERS/Leonardo Fernandez Viloria/File Photo
Allies of opposition leader Juan Guaido have for months been in talks with state officials to buy vaccines through the COVAX program using funds frozen by the U.S. Treasury as part of sanctions against the government of President Nicolas Maduro.
Investor sentiment in Germany fell unexpectedly in April, the ZEW economic research institute said on Tuesday, citing rising fears that private consumption could be depressed as Europe's largest economy gets closer to extending lockdown measures.
The share of foreign investors among holders of Russia's OFZ treasury bonds fell in February to its lowest since May 2016, data showed on Thursday, and analysts warned it may shrink further amid risks of fresh U.S. sanctions against Moscow.
Hungary's central bank is committed to buy green government bonds as part of its asset purchase programme, the bank said on Monday in a reply to Reuters questions about a 30-year green government bond issue planned for this month.