RZD Places 10 Billion Rubles Discount Bond Issue

© ООО Региональные новости

Russian Railways (RZD) Issues Discount Bond Series 001P-53R for 10 Billion Rubles

Russian Railways (RZD), the national railway operator of Russia, has issued an additional tranche of exchange-traded discount bonds, series 001P-53R, worth 10 billion rubles at nominal value.

Under the open subscription, the company sold 10 million bonds, each with a nominal value of 1,000 rubles.

The bonds were placed at a price of 88.06% of their nominal value, equating to 880.60 rubles per bond.

The main tranche with a nominal volume of 25 billion rubles was issued on May 28, 2026, with a maturity date in 2030. On June 16, 2026, RZD issued an additional tranche #1 worth 20 billion rubles at nominal value. Each bond has a nominal value of 1,000 rubles, and the coupon period is 30 days. The coupon rate for the entire circulation period was set at 10.75% per annum based on the results of the order book collection.

The income from the bonds is the difference between the nominal value of the bonds and their placement price (discount).

Gazprombank acted as the placement agent.

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 at the Financial University under the Government of the Russian Federation.