Rusal will issue bonds in yuan, which will be available to private investors. Yield will be determined later

Rusal plans to collect bids from investors on July 27 for exchange-traded bonds worth at least 2 billion yuan.

The bonds will be placed on August 3. Payments on the bonds will be made in rubles. Face value: ¥1,000. Minimum bid: not less than 1.4 mln rubles. Duration: 5 years, with a possible offer in 2 or 3 years.

An interesting trend: Russian companies begin to attract loans in yuan. There is a high probability that this trend will continue in the context of increasing trade turnover between Russia and China.