Global Analysis from the European Perspective. Preparing for the world of tomorrow

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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