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EXCLUSIVE: Russia may raise up to $1 bln in yuan-denominated bonds by end-2016

Reuters  |  MOSCOW 

MOSCOW (Reuters) - may sell its first-ever treasury bonds denominated in Chinese by the end of 2016, the head of the state debt department at the said on Friday.

Konstantin Vyshkovsky told Reuters that the may sell treasury bonds, known as OFZs, denominated in the Chinese currency later this year as part of additional worth 200 billion roubles ($3.21 billion).

Moscow may raise an equivalent of $1 billion in through OFZs in the planned issue, money that the will convert into roubles, Vyshkovsky said.

is looking for new ways to expand budget funding as its Reserve Fund is running out and low prices for crude oil, its key exports, put pressure on the budget.

($1 = 62.2255 roubles)

(Reporting by Yelena Orekhova, Writing by Andrey Ostroukh, Editing by Christian Lowe)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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EXCLUSIVE: Russia may raise up to $1 bln in yuan-denominated bonds by end-2016

MOSCOW (Reuters) - Russia may sell its first-ever treasury bonds denominated in Chinese yuan by the end of 2016, the head of the state debt department at the finance ministry said on Friday.

MOSCOW (Reuters) - may sell its first-ever treasury bonds denominated in Chinese by the end of 2016, the head of the state debt department at the said on Friday.

Konstantin Vyshkovsky told Reuters that the may sell treasury bonds, known as OFZs, denominated in the Chinese currency later this year as part of additional worth 200 billion roubles ($3.21 billion).

Moscow may raise an equivalent of $1 billion in through OFZs in the planned issue, money that the will convert into roubles, Vyshkovsky said.

is looking for new ways to expand budget funding as its Reserve Fund is running out and low prices for crude oil, its key exports, put pressure on the budget.

($1 = 62.2255 roubles)

(Reporting by Yelena Orekhova, Writing by Andrey Ostroukh, Editing by Christian Lowe)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

EXCLUSIVE: Russia may raise up to $1 bln in yuan-denominated bonds by end-2016

MOSCOW (Reuters) - may sell its first-ever treasury bonds denominated in Chinese by the end of 2016, the head of the state debt department at the said on Friday.

Konstantin Vyshkovsky told Reuters that the may sell treasury bonds, known as OFZs, denominated in the Chinese currency later this year as part of additional worth 200 billion roubles ($3.21 billion).

Moscow may raise an equivalent of $1 billion in through OFZs in the planned issue, money that the will convert into roubles, Vyshkovsky said.

is looking for new ways to expand budget funding as its Reserve Fund is running out and low prices for crude oil, its key exports, put pressure on the budget.

($1 = 62.2255 roubles)

(Reporting by Yelena Orekhova, Writing by Andrey Ostroukh, Editing by Christian Lowe)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

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