On 30 October 2009 the Board of Directors of Russian Railways (RZD) approved the program of bond issue. The decision was approved in order to raise the funds more effectively in the fourth quarter of 2009 and in 2010 in order to finance the core business and investment activities of the company, as well as optimize the structure of borrowed funds. In November 2009 the company is going to register the program of unsecured bond issue at MICEX totaling 100 billion rubles in the volume of 8 issues with the maturity period of 3 years. Besides, in December – January 2010 Russian Railways will register the program of ruble unsecured bonds at the Federal Financial Markets Service (FFMS) totaling 100 billion rubles in the volume of 7 issues with the maturity period of 10-15 years. (USD1 = RUB29.2337)
- Moscow: 06:39 14.11.2009
