MOSCOW, November 29 (RIA Novosti) - Investment that Russian companies will attract by placing their shares on stock exchanges will total $60 billion in 2006, the country's financial market regulator said Wednesday.
Russia has seen a boom of initial public offerings and additional share issues in recent years, as leading companies have sought to attract investment and raise their capitalization.
"Russian companies have already secured $52 billion, which accounts for half of investment in their assets in 2006, excluding banking loans," Oleg Vyugin, head of the Federal Service for Financial Markets, told an investment forum.
He said 40% of investment was obtained on Russian bourses and 60% on international stock exchanges.
