innovation

Russian gold mining company issues RMB bonds | CHINA PLUS | Sunday Sept. 11, 2022 Russian gold mining company PJSC Polyus has issued bonds worth RMB 4.6 billion (24 billion baht), becoming the second Russian company to issue bonds. in yuan Previously, Rusal, a Russian aluminum company Has issued yuan-denominated bonds worth 4 billion yuan (21 billion baht) to the news website Global times reported that the issuance of bonds in yuan currency this time of Russia. It is to increase the partner’s choice of holding other currencies. In addition to the US dollar or the European Euro It sees the dollar as a political tool for the United States. affect the credibility in the international market while the demand for holding the yuan in the world market PJSC Polyus has issued a five-year yuan-denominated bond with a yield of 3.8 percent on the Moscow Stock Exchange. The offeror of this securities is According to reports, Gazprombank – Banks bought 71 percent of bonds – Investment firms held 15% – Investors held 13 percent – Asset management firms held 1 percent, Zhang said. Hong, Russian researcher Eastern Europe and Central Asia According to the Chinese Academy of Social Sciences, issuing bonds in foreign currency depends on the strength of the currency host country. including confidence in the fiscal and financial system In which China is doing well in both matters. In addition, Russian investors Want to find investment opportunities Because of the US and the US sanctions on the economy and Russian money. for the demand for yuan in the international market The number has been increasing since the beginning of 2022 amid political conflict and economic change. by Russian company Paying in RMB up to 4% in July Up 1.42 percent from the previous month, which was before the Ukrainian war. Did not appear to be paid in RMB. Through the international payment system (SWIFT), Russia is the third country in the world to pay with RMB. The yuan is the fifth most used currency in the world for holding yuan-denominated bonds. of the Russian company It reflects the strong Chinese economy. and trade between the two nations is growing every day. Prepared to issue RMB bonds in Macau worth 3 billion yuan (16 billion baht) on September 7, which previously had been Earlier, Bloomberg reported that Russia plans to buy up to $70 billion in yuan and its allied currencies. ) in 2022 to slow the rise of the Russian ruble. Before switching to a long-term strategy of selling the yuan held by Russia to fund investments. The offer to buy the yuan is one of measures that will allow Russia to effectively reverse its over a decade of economic policy. After Russia continues to overhaul its economic strategy. Amid massive sanctions from the United States and its allies to punish Russia for invading Ukraine The move reflects how the sanctions have severely affected Russia’s economic strategy. Because Russia’s reserves have frozen regarding 300 billion dollars (10.5 trillion baht), Russia has lost a lot of economic opportunities. #Russia issues private yuan bonds #gold mines #yuan bonds #Russian company #Russia —————————————— #TNN # ASEAN 4.0 #ASEAN4.0Online #ASEANPlus #ASEAN #ASEANplus #chinaplus #Knowledge regarding China #Teacher Pop #China #China Plus Follow all the economic movements of ASEAN in the ASEAN Plus program every Sunday from 09.30-10.00 . On TNN Channel 16 and the ASEAN 4.0 ONLINE program every Sunday from 5:00 PM – 5:30 PM. Watch live on Youtube: TNN Online and FACEBOOK LIVE PAGE : TNN LIVE ———————————- ——– Channel to follow the news station TNN Channel 16 https://www.tnnthailand.com https://tv.trueid.net/live/tnn16 https://www.youtube.com/c/ tnn16 https://www.facebook.com/TNNthailand/ https://www.facebook.com/TNN16LIVE/ https://twitter.com/tnnthailand https://www.instagram.com/tnn_online/ https:// www.tiktok.com/@tnnonline Line @TNNONLINE or click https://lin.ee/4fP2tltIo Keep up with the world, keep up with the economy, keep up with all the truth with TNN Channel 16, a news station that holds the principle of presenting news that is relevant, fast, accurate and accurate. Neutral by professional news team