OREANDA-NEWS. Renaissance Capital, a leading emerging and frontier markets investment bank, held its 21st Annual Russia Investor Conference in Moscow on 19-21 June 2017. The conference is a widely-respected forum for leaders within the global and Russia-based business and investment communities to meet and exchange their views on the opportunities held by the country.

This year, around 150 business and investment professionals from Russia’s leading companies and global investment funds attended the conference with closed-door discussions hosting top Russian government, business and opinion leaders.

The conference built on the discussions held last year, which saw the first encouraging signs of the Russian economic recovery. During the event, Renaissance Capital's leading analysts and strategists confirmed the Firm's Overweight recommendation on Russia, noting that the economic recovery is continuing to materialise as we move into the second half of 2017.

Further evidence of Russia's broad macroeconomic improvement is supported by a growing pipeline of deals coming out of the country. Renaissance Capital has been delighted to complete a number of complex equity and debt capital markets transactions in recent months, including, among others, two Eurobond issuances for State Transport Leasing Company (GTLK) (both USD500mn); Rusal's debut five-year USD600mn Eurobond note, Polyus Gold's USD800mn Eurobond issue and KTZ Finance's RUB15bn bond placement on the Moscow Exchange, which is the first foreign corporate debt issuance on the domestic market.

Christophe Charlier, Chairman of the Board, Renaissance Capital, commented: "We are glad to see a renewed interest and revived activity in the Russian investment banking business on the backdrop of the improving macroeconomic climate. Amid ongoing uncertainty in the global markets, investors are looking with keen interest for alternative sources of growth. Hence, we believe that Russia will remain a rediscovery story for investors in 2017. Operating in 43 markets globally, the Firm has an excellent platform to use this momentum to its advantage and introduce attractive investment opportunities in Russia and beyond to investors from all corners of the world."