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RZD to issue $1 bln Eurobonds in March

Russia’s rail monopoly Russian Railways (RZD) plans to issue $1 billion in Eurobonds in March, the RZD president said on Monday.

“The situation is very favorable for us. We are dispatching our delegation to London in March to place Eurobonds worth $1 billion. The terms of placement are better than the terms we were proud of when we raised the first syndicated loan,” RZD President Vladimir Yakunin said. Yakunin said the railway monopoly intended to raise 125 billion rubles ($5.1 billion), including 80 billion rubles ($3.3 billion) in bonds and Eurobonds. (rian.ru)