Yonhap Infomax NewsRussia has issued its first-ever yuan-denominated government bonds, raising 20 billion yuan ($2.83 billion) as Western sanctions block access to dollar and euro funding, with strong investor demand and coupon rates set at 6% for 3.2-year notes and 7% for 7.5-year notes.
#YonhapInfomax #Russia #YuanBonds #FiscalDeficit #CouponRate #WesternSanctions #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=93592
#YonhapInfomax #Russia #YuanBonds #FiscalDeficit #CouponRate #WesternSanctions #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=93592
'Cash-Strapped' Russia Issues First-Ever Yuan-Denominated Bonds—Short-Term Notes Yield 6%
Russia has issued its first-ever yuan-denominated government bonds, raising 20 billion yuan ($2.83 billion) as Western sanctions block access to dollar and euro funding, with strong investor demand and coupon rates set at 6% for 3.2-year notes and 7% for 7.5-year notes.