Russia will issue government bonds denominated in Chinese yuan for the first time next month, the Finance Ministry announced Wednesday.
The ministry said it would offer two series of OFZ bonds, each worth 10,000 yuan ($1,400), with maturities ranging from three to seven years and interest payments every six months.
Investors will be able to buy and receive payments either in yuan or rubles, it said in a statement.
Order placements are scheduled for Dec. 2, with the sale itself planned for Dec. 8.
The Finance Ministry did not specify the total amount of its yuan bonds, saying it would be determined after assessing investor demand. Reuters reported last month that the ministry was preparing to issue up to 400 billion rubles ($4.9 billion) worth of yuan bonds.