Russian bank issues dim sum bond

Author: | Published: 31 Mar 2011

A successful renminbi bond issue by Russia's VTB Bank has shown that even emerging market issuers can sell Chinese currency bonds relatively easily.

The Russian bank's Rmb1 billion ($152 million), three-year 2.95% bonds, issued on December 10 2010, made it the first non-Asian emerging market issuer of so-called dim sum bonds (renminbi-denominated bonds issued from Hong...