Overview
- Russia’s Finance Ministry outlined a debut issuance of yuan-denominated OFZs, offering two fixed-coupon tranches with maturities from three to seven years.
- Each bond will carry a 182-day coupon period and a nominal value of 10,000 Chinese yuan.
- Technical placement is scheduled for Dec. 8 on the Moscow Exchange, with centralized custody at the National Settlement Depository.
- Investors will be able to purchase the bonds and receive payments either in Chinese yuan or in Russian rubles.
- Gazprombank will act as placement agent, with Sberbank and VTB Capital Trading serving as additional organizers.