Russia to issue RMB bond 'by early 2020' as domestic borrowers eye Chinese markets
Russia will issue renminbi government bonds by early 2020, said Russia deputy finance minister Alexey Moiseev on Thursday at the Moscow Exchange Forum in London. The move is a bid to widen access for Russian corporates eyeing renminbi debt, while diversifying funding sources away from the dollar.
"We have plans to raise renminbi denominated bonds in Moscow by early 2020," Alexey Moiseev, deputy finance minister of Russia told the forum.The Russian treasury bonds will be listed on the Moscow Exchange. The trade is expected to open Russia's capital markets to more Asian investors. Gazprombank is ...
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