Gazprombank gets Dagong rating, panda bonds possible

Reports have said Gazprombank was considering placing bonds on China's domestic market.

China's Dagong Global Credit Rating Company Limited (Dagong) has assigned Russia's Gazprombank an 'A-' foreign and local currency credit rating with stable outlook the bank said in a press release.  

Reports have said Gazprombank was considering placing bonds on China's domestic market. This concerns so-called 'panda bonds', which foreign companies and banks place on the domestic Chinese market.

 

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