Russian firms look to Asia as ECM dries up

Moscow Russia 230px
By Andrew Griffin
23 Oct 2014

Gazprom said on Tuesday that it might seek a listing in Hong Kong, in what is the latest tilt towards Asia from Russian companies hurt or worried by Western sanctions. The moves probably will not do much for funding issues, but developing relationships could be a prudent long-term strategy, said bankers.

Many Russian companies have been looking to Asian debt markets, including considering issuing dim sum bonds, to bolster funding, as increasing sanctions by Europe and the US threaten traditional routes. That same strategy could be followed to encourage equity

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