The Ministry of Finance will place the Russian national debt in yuan

In December of this year, the Russian Ministry of Finance will hold the first ever placement of federal loan bonds (OFZ) denominated in Chinese yuan. This was announced on November 12 by the press service of the department in its Telegram channel.

"Investors will be offered two issues of federal loan bonds with a permanent coupon income, denominated in Chinese yuan," the message says.

The placement will take place in two stages: the collection of applications is scheduled for December 2, and the technical placement is scheduled for December 8, 2025. The bonds will be issued with a maturity of three to seven years, a coupon period of 182 days and a nominal value of 10,000 yuan each.

Investors will have the opportunity to purchase bonds and receive payments in both yuan and rubles of their choice. The organizers of the placement will be Gazprombank (it is the agent for the placement), Sberbank and VTB Capital.

The volume of the issue and the coupon rates will be determined based on the results of the collection of applications through the Bookbuilder system of the Moscow Stock Exchange.

Aggravating obligations: budget expenditures on public debt repayment increased 1.5 times

Why are costs increasing and what is the threat?

On September 23, the Ministry of Finance informed Izvestia that Russian government debt remains one of the lowest in the world, and its volume is exclusively market-based. It was also explained that the ratio of public debt to GDP is about 15% — this figure includes government obligations of the Russian Federation, including state guarantees.

All important news is on the Izvestia channel in the MAX messenger.