Russia’s Sber launches Bitcoin-linked bonds

The product is already available to qualified investors on the over-the-counter market, the bank has announced

Russia’s largest lender, Sber (formerly Sberbank), has introduced structured bonds tied to Bitcoin, according to an announcement on the bank’s website. The new financial product tracks both the price of the top cryptocurrency and the dollar-to-ruble exchange rate.

Sber says the bond is currently available to a limited pool...