Other release parameters, such as maturity date, interest rate will be determined prior to the placement according to the results of interaction of the Ministry of Finance with potential investors, said the Director of the debt Department of the Ministry of Finance of the Russian Federation Konstantin vyshkovsky.
SHANGHAI, 6 Nov. Zhanna Manukyan. Volume of issue of bonds (OFZ) in the yuan on the Moscow stock exchange may not be less than 1 billion dollars, said Friday the Director of the debt Department of the Ministry of Finance of the Russian Federation Konstantin vyshkovsky.
“We believe that the possible volume of production must be equivalent to at least 1 billion US dollars. It comes OFZ, i.e. government securities regulated by Russian law, with the circulation on the Moscow stock exchange, denominated in RMB”, said wiskowski, speaking at a joint investment forum of the Moscow exchange and the Shanghai stock exchange.
According to Vyškovská, other release parameters, such as maturity date, interest rate will be determined “immediately before the placement according to the results of active interaction of the Ministry of Finance as the Issuer and potential investors, based on research on their preferences, sentiment”.
“In this regard, for us the challenge for the coming months is to try to assess these preferences. To try to understand whether there are any internal restrictions for Chinese investors in investing in our tools. If they are, whether their withdrawal of financial authorities of China,” he said.
Wiskowski also noted that the issue in the new currency is a new task that carries certain risks for Russia as for the Issuer. “But we understand that there is a significant interest in such a tool by Russian corporate borrowers… the most Important task for us is to create the benchmark cost of borrowing in Chinese yuan. We understand that the interest is high, and accordingly, will this problem be resolved,” he said.
