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Russian tycoons, fearing new sanctions, float new bond idea: sources

Reuters  |  MOSCOW 

By Darya Korsunskaya, Oksana Kobzeva and Polina DevittMOSCOW (Reuters) - Wealthy Russians facing the prospect of targeted U.S. sanctions next year have floated the idea of a special treasury bond to facilitate favourable terms for bringing their cash home, three sources familiar with the scheme said. The bond, denominated in foreign exchange, would be offered at a higher yield than bank rates and be more liquid than Eurobonds, the sources said. Crucially, unlike with bank accounts, holders would be able to remain anonymous."There is information that a number of people want to bring their ...

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First Published: Tue, December 05 2017. 13:56 IST