RZD to Collect Bids for 15 Billion Ruble Bond Issue on August 6

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Russian Railways (RZD) to Launch Bond Offering of at Least 15 Billion Rubles on August 6

RZD plans to conduct a bond offering of at least 15 billion rubles on August 6, 2023, from 11:00 to 15:00 Moscow time. The bonds are part of series 001P-54R and will be listed on the stock exchange on August 13, 2026.

The nominal value of each bond is 1,000 rubles, with a planned ten-year circulation period. An offer is scheduled after 3 years and 3 months, and the coupon period is 31 days. The coupon rate is expected to be set at RUONIA^c + a spread of no more than 190 basis points.

These bonds will be available exclusively to qualified investors.

Organizers of the offering include Alfa-Bank, VTB Capital Trading, Gazprombank, Sinara Investment Bank, Sber CIB, and Sovcombank. Gazprombank will act 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.

RUONIA^c - the Russian interbank offered rate calculated by the Central Bank of Russia.