Russia to raise $18bn by bond

RUSSIA is to launch its first international bond in a decade in a bid to boost its public finances.<br /><br />Russia, which last issued a bond aimed at international investors in 2000, has signalled plans to raise up to $18bn (&pound;11bn) in dollar-denominated securities in the first quarter of next year as the cost of borrowing for emerging market sovereign issuers has fallen sharply sharply.<br /><br />Demand for riskier assets, such as emerging market securities, has risen since equities started rallying.<br /><br />Russian officials will come to London soon to gauge demand.