Russian Railways placing $1 billion Eurobond at 5.7 percent
Russian state-owned transport monopoly Russian Railways, or RZhD, is placing a $1 billion, 10-year dollar-denominated Eurobond at a yield of 5.7 percent, down from initial guidance of 5.875 percent, a financial market source said on Thursday.
Kommersant cited Mr Vladimir Yakunin president of Russian Railways as saying that Russian Railways intends to buy 5% of the shares in the German Deutsche Bahn railway, when it holds its IPO in the coming weeks.