Russia announced plans for a second yuan-denominated bond sale following President Putin's recent visit to China. The government will offer 10-year fixed-coupon bonds with a face value of 10,000 yuan per note. Order collection begins May 28, with placement on the Moscow Exchange scheduled for June 3, investors can choose between yuan or rubles for purchases and coupon payments.

The move follows Russia's first yuan bond sale late last year, which raised 20 billion yuan ($2.9 billion) in two tranches. Previous offerings included 12 billion-yuan bonds with a 6% coupon due 2029 and an 8 billion-yuan tranche paying 7% due 2033. Finance Minister Anton Siluanov previously stated the goal was establishing a yuan yield curve to help corporate borrowers access funding.

The yuan bond sales reflect Russia's strategy to strengthen financial ties with China amid Western sanctions. By diversifying funding sources away from traditional markets, Russia aims to manage budget shortfalls caused by military spending and reduced oil revenues. The bond offerings signal deepening economic integration between the two nations amid global tensions.