RZD Corporation Increases Bond Placement Volume to 4 Billion Yuan

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Russian Railways Corporation Increases Bond Issue Volume to 4 Billion Yuan

Russian Railways (RZD), the national railway operator of Russia, has increased the volume of its bond issue series 001P-51R from a minimum of 2 billion yuan to 4 billion yuan.

The final benchmark for the first coupon rate is set at 7.60% per annum.

Today, the company collected bids for the bond issue.

Technical listing of the bonds on the stock exchange is scheduled for February 11, 2026.

Each bond has a nominal value of 1,000 yuan.

The bonds will be in circulation for 3.6 years.

The coupon period is 30 days.

Initially, the benchmark for the first coupon rate was set at no more than 8.00% per annum.

Payments for the bonds during the initial placement can be made in yuan or rubles, based on the official exchange rate of the Central Bank of Russia on the date of the transaction.

Payments for coupon payments and redemption will be made in rubles, based on the official exchange rate of the Central Bank of Russia on the business day preceding the coupon payment and redemption date.

Organizers of the bond issue include Gazprombank, Alfa-Bank, VTB Capital Trading, Lokobank, SovaBank, and GAI Solutions.

Gazprombank acts as the placement agent.

This overview was presented by Alexei Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the Higher School of Management at the Financial University under the Government of the Russian Federation.