Finance Ministry to Debut Borrowing in Chinese Yuan in December

Stirile Antena 1 Observator

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Russia will sell its first domestic government bonds denominated in Chinese yuan on December 8, with maturities ranging from three to seven years, the Finance Ministry said on Thursday. The demand was expected mainly from Russian companies that trade with China, Reuters reports, citing Agerpres.

rbc.ua

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For the first time, Russia will issue domestic bonds in Chinese yuan in an attempt to cover the record budget deficit caused by the war against Ukraine. This was reported by RBC-Ukraine with reference to Bloomberg. As early as December 2, the Russian Ministry of Finance will begin accepting investors' offers for two series of domestic fixed-coupon bonds in Chinese currency with a maturity of three to seven years and a coupon period of 182 days. …

L'AGEFI

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The country will issue two bonds in early December with maturitys between 3 years and 7 years to allow Russian exporters to place their yuan.

rd.nl

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Russia will issue government bonds priced in the Chinese currency, the yuan, for the first time in December. The Russian Ministry of Finance announced this on Wednesday. The move reflects the growing economic entanglement between Russia and China as Russia grapples with Western sanctions stemming from the war in Ukraine.