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Bond pioneer who outsmarted Russian sanctions flops in China

Russia fails to become first sovereign issuer to sell yuan debt to onshore investors

All of Russian banks' yuan issues have been repaid at maturity rather than being rolled over, signalling that the lenders do not find the Chinese securities market worthwhile.


BEING first is never easy. Konstantin Vyshkovsky would know. As the head of the Russian Finance Ministry's debt department, he led the government's return to world markets in 2010 with the first bond offering since its default in 1998. Last year, with the country's biggest...

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