Russian companies have this year raised more money via the offshore renminbi debt market than their Chinese counterparts.
This year, Russian companies – all of them banks – have raised $482m via four debt issues, compared with $477m by Chinese companies, according to Dealogic, highlighting the growing appeal of the dim sum bond market as a cheap source of funding for emerging market borrowers.
Hong Kong-based borrowers are the top source of new issues this year, raising $652m in three deals.
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