Saturday, May 31, 2025

Latest

Is the Dollar Losing its Dominance? Russia Resorts to Yuan Bond Sales to Raise Capital

The West’s choking sanctions against Russia have prompted the former Soviet country to explore alternative currencies to raise capital and incite business investment, dealing another blow to the greenback’s global dominance.

With Russia facing a plethora of sanctions from all directions of the globe, Moscow has no choice but to devise creative ways to lure investors. One of those ways is to sell yuan-denominated bonds, which last week made their first-ever debut on the Moscow exchange, attracting Asian and domestic investors alike. Russian-based aluminum producer United Co. Rusal International PJSC, which is listed in both Moscow and Hong Kong, offered the bonds, already raising 4 billion yuan ($590 million) after receiving around 100 orders from numerous entities and investors.

According to Gazprombank which was responsible for the placement, 2 billion yuan was fully subscribed, while the remaining 2 billion yuan was oversubscribed four times. Both bonds yield a coupon rate of 3.9% and mature in five years. Russia’s demand for the yuan has substantially increased since Moscow invaded Ukraine on February 24, after Western sanctions reduced the country’s access to major euro and dollar-denominated financial markets.


Information for this briefing was found via Reuters. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Russian Court Sentences Wall Street Journal Reporter to 16 Years on Espionage Charges

A Russian court in Yekaterinburg sentenced Evan Gershkovich, a reporter for The Wall Street Journal,...

Friday, July 19, 2024, 10:22:00 AM

China Is Reselling Russian LNG To Europe As Economic Slump Leaves It With A Surplus

Energy-strapped Europe has been importing some of its liquefied natural gas (LNG) from China, with...

Thursday, September 1, 2022, 03:44:00 PM

Kyle Bass: China’s Covid-19 Policies Are All Part of Xi’s Plan to Reunify China

Appearing on podcast Forward Guidance last week, Hayman Capital founder Kyle Bass gives his take...

Monday, December 26, 2022, 01:33:00 PM

Yet Another Russian Billionaire Has Died Under Mysterious Circumstances

A Russian billionaire was killed in a mysterious chopper crash on the way to Monaco...

Wednesday, November 30, 2022, 04:27:00 PM

The Nancy Pelosi Travel Diary: “Taiwan’s Most Devoted Friend” Miffs China, Triggers Military Drills Near Taiwan’s Coastline

As House Speaker Nancy Pelosi departs from her controversial visit to Taiwan, China prepares to...

Wednesday, August 3, 2022, 01:42:00 PM