Sberbank Open to Issuing Chinese Yuan Bonds: 2023 and Beyond

Russia's dominant lender, Sberbank, is exploring opportunities to issue Chinese yuan bonds, aiming to tap into growing demand amid Western sanctions. Sberbank has signaled its intention to issue bonds in Chinese yuan this year if an opportunity arises, and will continue borrowing in roubles to drive portfolio growth. The bank's finance chief indicated to Reuters that Sberbank Russia-based Sberbank has said that it is open to issuing Chinese yuan bonds in 2025 if the opportunity presents itself. Additionally, Sberbank may revisit the yuan bond market in 2025 should suitable conditions emerge.

This move comes as demand for the yuan among Russian companies has increased in recent months, as Western sanctions against Moscow limit their access to dollar and euro markets. The potential issuance of yuan-denominated bonds by Sberbank reflects a broader trend of Russian financial institutions diversifying their funding sources and strengthening economic ties with China.

Russia-based Sberbank has said that it is open to issuing Chinese yuan bonds in 2025 if the opportunity presents itself. Additionally, MOSCOW: Russia’s dominant lender Sberbank will issue bonds in Chinese yuan this year if an opportunity arises and will continue borrowing in roubles to drive portfolio.

Stay tuned for further updates on Sberbank's plans to issue Chinese yuan bonds and the evolving landscape of Russian finance.