Russian Railways says preparing 80 bln rbl exchange bond program

MOSCOW, Jun 27 (PRIME) -- Russian Railways is preparing an exchange bond program worth up to 80 billion rubles to finance its current operations and development projects, a spokesperson for the company told PRIME on Wednesday.

“Russian Railways is preparing a new exchange bond program to finance both current operations and development projects. The volume is up to 80 billion rubles, maturity will be defined basing on market conditions. The company will also offer its board of directors to raise the volume of the current debt program for the long-term development program,” the spokesperson said.

(62.7908 rubles – U.S. $1)

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