Sber, Russia’s largest universal bank which is majority-owned by the state, has begun marketing a new class of structured bonds whose payouts are indexed to the US-dollar price of Bitcoin and to movements of the dollar against the ruble.
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Russia Launches Bitcoin Linked Bonds
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Sberbank is Russia’s largest universal bank, majority-owned by the state
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Sberbank introduced a new class of structured bonds that provide exposure to Bitcoin’s U.S. dollar price and to fluctuations in the dollar-to-ruble exchange rate.
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