Overview
- The Finance Ministry confirmed a debut placement of yuan-denominated federal bonds, with technical issuance slated for December 8 on the Moscow Exchange in the Address Placement mode.
- Two fixed-coupon tranches are planned with maturities from three to seven years, a 182-day coupon period, and a face value of 10,000 Chinese yuan per bond.
- Final issuance volumes and coupon rates will be determined after the order book is collected on December 2.
- Investors will be able to purchase the bonds and receive payments in either Chinese yuan or Russian rubles at their discretion.
- Order collection will run through the Moscow Exchange bookbuilder, with centralized safekeeping at the National Settlement Depository; Gazprombank serves as placement agent alongside Sberbank and VTB Capital Trading as co-organizers.