Russia strikes first Panda deal

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Russia strikes first Panda deal

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Glasses of champagne and sparklers on bright background with bokeh effect | Maksim Pasko - Fotolia

Russia ramped up its renminbi efforts this week with Rusal pricing the first Panda bond from the country. The deal closed on the same day the Central Bank of Russia revealed plans to open a renminbi clearing house ahead of a sovereign bond.

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