Russia's Polyus plans bond issue denominated in yuan

US mulls more support for banks while giving First Republic time - Bloomberg News

Russia's Polyus plans bond issue denominated in yuan - Interfax

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Russia's Polyus plans bond issue denominated in yuan - Interfax

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MOSCOW (Reuters) - Russian largest gold producer Polyus plans a bond issue worth no less than 3.5 billion Chinese yuan ($517 million), the Interfax news agency reported on Monday, citing a financial market source.

Polyus will collect requests for the bond on Aug. 23, Interfax quoted its source as saying. The yield guidance of the first coupon is equal to or less than 4.20%, it added.

Polyus declined to comment when called by Reuters.

The Moscow Exchange started trading bonds denominated in Chinese yuan earlier in August as it strives to attract Asian investors.

($1 = 6.7730 Chinese yuan renminbi)

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Comments (1)

Cedric Cedric Aug 15, 2022 17:24

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Chinese investors cannot even get their money out of their bank accounts !

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Russia's Polyus plans bond issue denominated in yuan - Interfax

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