Background

Investments in Green Bonds of Russian Railways

  • Russia
  • Russian Railways
  • 2020
  • RUR 100 mln
  • Green economy
  • International Bank for Economic Co-operation took part in the subscription to new "green" bonds of the Russian Railways. The yield on securities at the time of the placement was 7.25% per annum, which corresponds to a premium to the yield of Russian OFZs of 1.65%. This is the largest environmental bond placement on the Russian market. The issue was recognized by the Expert RA rating agency as complying with the Green Bonds Principles of the International Capital Markets Association and the Russian national methodology developed under the auspices of VEB.RF. The funds raised as a result of the issue will be used to finance environmental projects of Russian Railways.
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