"RZD" conducted a collection of bids for bonds linked to RUONIA

21:21; 17 November 2025 year

### RZD Launches Bond Offering Linked to RUONIA - **Issuer:** RZD (Russian Railways) - **Date of Bid Collection:** November 14 - **Bond Series:** 001P-49R - **Planned Placement Date:** November 21, 2025 - **Planned Issue Volume:** 30 billion rubles - **Nominal Value per Bond:** 1,000 rubles - **Maturity:** 10 years - **Offer Period:** 2 years and 10 months - **Coupon Period:** 31 days - **Coupon Rate Benchmark:** RUONIA + spread not exceeding 175 basis points - **Eligible Investors:** Qualified investors only ### Overview by Alexey Grishchenko This overview was presented by Alexey Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the "Higher School of Management" Faculty at the Financial University under the Government of the Russian Federation.

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