Renminbi (RMB)/Yuan Appreciation & Internationalization

Wrought

Wrought

Senior Member
Registered Member
gelgoog said:
That is pretty massive. But I think Nornickel had already issued panda bonds.
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Currently interest rates in China are much lower than in Russia. And a lot of those Russian energy companies export to China. They will need capital for large projects like Power of Siberia 2 or Vostok Oil. This will help a lot.
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As noted in the link I provided (and yours too), the difference is that Nornickel issued them on the Moscow Exchange. The upcoming bonds will be issued in the Chinese domestic market.
 
Wrought

Wrought

Senior Member
Registered Member
Brief followup to yesterday's news; Rosatom has confirmed it will participate in the Chinese bond market.

Russian state-owned nuclear monopoly Rosatom is preparing to raise funds on the Chinese bond market, underscoring Moscow’s growing reliance on Beijing as ties between the two countries deepen. Confirmation of the plans by a Rosatom representative came after the
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on Sunday that China was preparing to reopen its domestic bond market to Russian energy companies.

Other potential candidates include gas and oil company Gazprom, which last week signed a
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with China during Russian President Vladimir Putin’s visit to the country. Gazprom did not respond to requests for comment.
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gelgoog

Lieutenant General
Registered Member
That is kind of messed up. Rosatom is building a lot of nuclear reactors in countries with lousy economies and unstable governments. Sometimes I wonder if they will ever get their money back.
They are the world leader in the business though.
 
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