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
Thu, Jul 30, 2015 - 5:50 AM
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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