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• Yield guidance of gold miner’s first coupon is 4.20% maximum
Russia’s largest gold producer Polyus plans to issue bonds worth at least 3.5 billion Chinese yuan ($517 million), Reuters reported on Monday, citing the Interfax news agency’s report.
Polyus, one of the top 10 gold mining companies globally by output, will collect requests for the bond on August 23, the report said. The yield guidance of the first coupon is equal to or less than 4.20%.
The Moscow Exchange started trading bonds denominated in Chinese yuan earlier in August as it strives to attract Asian investors.
Picture Credit: Reuters
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