Mishustin announced the study of the issue of OFZ in friendly currencies

The start of issuing federal loan bonds (OFZ) in friendly currencies is under development. This was announced by Prime Minister Mikhail Mishustin at a strategic session on ensuring financial sovereignty.

“The issue of starting the issuance of federal loan bonds and other instruments in friendly currencies is being worked out, especially since large Russian issuers have already begun to enter the market with borrowings in Chinese yuan,” Mishustin said (quote according to TASS).

Ideas are also being considered to facilitate foreigners’ access to the Russian capital market and develop the infrastructure of national indicators, the prime minister added. He noted that it would be important to create conditions for the return of companies to domestic jurisdiction.

The minister recalled the simplification of the registration of companies with Russian roots, with the help of which 83 organizations moved to the Russky (Vladivostok city district) and Oktyabrsky (Kaliningrad) islands in 2022.

September 2022Rosneft» placed the debut issue of bonds in the Chinese yuan with a total volume of 15 billion yuan. The bond issue has an offer in two years at a rate of 3.05% per annum.

In addition, in March, the company placed the second issue of bonds in yuan, the rate of the first coupon of 10-year bonds with an offer in a year was 3.5% per annum, the placement volume was 15 billion yuan. The nominal value of one bond is 1,000 yuan. The collection of applications was held on March 15, and technical placement – on March 20.