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Russian banks turn to HK to refinance debts of companies
Russian corporates have a hard time issuing US dollar bonds because of the US and European sanctions
Russian banks hobbled by sanctions are exploring funding sources in Hong Kong to help the nation's companies refinance US$117 billion in external debt due in the coming year.
PHOTO: BLOOMBERG
Hong Kong
RUSSIAN banks hobbled by sanctions are exploring funding sources in Hong Kong to help the nation's companies refinance US$117 billion in external debt due in the coming year.
OAO Gazprombank, Russia's third-largest lender, is applying for licences to offer securities...
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