FT: China prepares to open bond market to Russian energy companies

According to the newspaper, initially such an issue will be limited to two or three organizations.

China is preparing to open its bond market to major Russian energy companies. As the Financial Times points out, this is a change in Beijing's policy that reflects the strengthening of ties between the two countries, TASS reports.

The newspaper's sources said that initially such an issue would be limited to two or three companies. Among them, the Financial Times names Rosatom and its subsidiaries.

The publication points out that several Russian companies have received Chinese credit ratings at once. Among them are Rosatom subsidiary Atomenergoprom, LNG supplier Novatek, and Zarubezhneft.

On September 5, the Chinese rating agency CSCI Pengyuan assigned high long-term credit ratings to Gazprom. The company was assigned an A-i rating, or AAA (the highest) on China's national scale, with a stable outlook.