MOSCOW (Reuters) – Russian largest gold producer Polyus plans a bond issue worth no less than 3.5 billion Chinese yuan ($517 million), the Interfax news agency reported on Monday, citing a financial market source.
Polyus will collect requests for the bond on Aug. 23, Interfax quoted its source as saying. The yield guidance of the first coupon is equal to or less than 4.20%, it added.
Polyus declined to comment when called by Reuters.
The Moscow Exchange started trading bonds denominated in Chinese yuan earlier in August as it strives to attract Asian investors.
($1 = 6.7730 Chinese yuan renminbi)
(Reporting by Reuters; Editing by Mark Potter)
