Russia sets yield guidance for 3.2-year yuan-denominated OFZ bonds at 6.25%-6.50%, source says

The Russian Finance Ministry has set the yield guidance for its 3.2-year yuan-denominated OFZ government bonds at 6.25%-6.50%, a financial market source said on Wednesday.

The yield guidance for its 7.5-year yuan-denominated OFZ government bonds has been set at no higher than 7.5%, the source said.

The Russian Finance Ministry said earlier in November the volumes of the debut issues will be set after books close on December 2. Three financial market sources told Reuters earlier that the ministry plans up to four issues for a combined amount of up to 400 billion roubles