Gazprombank mulls placing bonds on Chinese market - Sources

Russia's Gazprombank is considering placing bonds on China's domestic market, two sources familiar with the bank's plans told Interfax.

This concerns so-called panda bonds, which foreign companies and banks place on the domestic Chinese market.

"The bank is currently cut off from raising funds on international debt markets due to U.S. and EU sanctions. It's logical that [Gazprombank] is prepared to work more actively with Asian markets," one source said.

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