Russia Plans Yuan Bond Sale With Sanctions Threat Nearing

Russia’s Finance Ministry has hired banks to organize its first-ever sale of yuan bonds as the government braces for possible U.S. sanctions on its sovereign debt markets. Russia hired Bank of China Ltd., Gazprombank and Industrial & Commercial Bank of China Ltd. to arrange investor meetings for the sale of 6 billion yuan ($907 million) in five-year notes. The issuance is slated for the end of this year or beginning of 2018. Source Bloomberg

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