Russian (Finance Ministry) sees interest from Russian (issuers) in bond placements in China - Deputy Minister
MOSCOW. Sept 8 (Interfax) - The Russian Finance Ministry sees interest from Russian issuers in placing bonds on the Chinese market, and is discussing this issue, Deputy Finance Minister Ivan Chebeskov said.
"I'll say that this topic is in fact being discussed with our colleagues, with partners. We see interest from Russian issuers, not only Rosatom, but we see interest from other issuers. We are discussing this, how to do it properly, in principle the discussion is ongoing with partners now," Chebeskov told journalists on the sidelines of the conference "Trust as Financial Market Development Factor."
China is preparing to reopen its domestic bond market to major Russian energy companies, primarily from the energy sector, the FT said on Monday. The paper's sources said Chinese financial regulators told top Russian executives at a late August meeting that they would support their companies' plans to sell renminbi "panda bonds" on China's public onshore market.
The FT said Russia's state nuclear company Rosatom and its affiliates were expected to be among the first borrowers to tap the Chinese bond market. A Rosatom spokesperson confirmed plans to issue bonds in China but declined to go into detail.