The Finance Ministry plans to place on the Moscow exchange bonds in yuan

The Finance Ministry plans to place on the Moscow exchange bonds in yuan


Discussing the volume of transactions may amount to little more than 6 billion yuan. Task transactions – domestic financial market development and its linkages with the financial market of China.

MOSCOW, Nov 27. The Finance Ministry plans to float on the Moscow exchange bonds denominated in Renminbi, amounting to more than 6 billion yuan, the paper will focus exclusively on Chinese investors, reported to journalists the Deputy Minister of Finance of Russia Maxim Oreshkin.

“Amendment on the possibility to issue bonds denominated in foreign currency at the internal market aimed solely at securing placement on the Moscow stock exchange bonds denominated in RMB and aimed at Chinese investors. Discussing the volume of transactions may amount to little more than 6 billion yuan,” said Oreshkin.

“A key objective of such a transaction, if it ultimately takes place, the domestic financial market development and its linkages with the financial market of China. Speech about placing currency loan to local investors do not have”, — said the Deputy Minister.