VTB Group plans to sell yuan bonds in a push to become the first Russian company to offer debt in the Chinese currency, a person with knowledge of the plan said Wednesday.
VTB, which became the first Russian company to sell Singapore dollar bonds in July of this year, will offer three-year Chinese debt in a deal arranged jointly by its investment banking unit, VTB Capital, and HSBC Holding, said the person, who declined to be identified because the information isn’t yet public.
(Bloomberg)
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