RDIF and CITIC to Form Russia-China Investment Bank
The Russian Direct Investment Fund (RDIF) is working with CITIC Merchant, a wholesale merchant banking business unit of CITIC Group, on forming a joint investment bank. The proposed Russia-China investment bank will help Russian corporations raise money in Asia.
Some of the investment banking services the bank will conduct are:
- mergers and acquisitions advisory, with predominant focus on offering Chinese strategic and financial investors equity in Russian companies;
- debt finance, including debt financing from Chinese banks and placing Russian corporate bonds on Asian capital markets;
- capital markets services, including listings, primary and secondary placements on Asian capital markets.
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