Russia borrowers

RosinterBank seeks dim sum amid political turmoil

Mid-sized Russian lender plans to issue a Rmb500m bond in August amid geopolitical tensions and economic sanctions on Russia.

RosinterBank is meeting investors in Hong Kong for a proposed Rmb500 million $82 million debut renminbi-denominated bond offering, which would be the first from a Russian privately owned company.

The move comes at a highly sensitive time for Russian sentiment following the country’s escalating crisis with Ukraine and the tensions surrounding the shooting down of Malaysia Airlines Flight 17.

RosinterBank, a mid-sized lender, may find issuance difficult as bond investors are taking their risk appetite away from the country.

Some Russian financial institutions, such as Gazprombank, Russian Standard Bank, Rosselkhozbank and VTB Capital, have tapped the dim sum market since last...

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