OREANDA-NEWS. On July 27, 2009 Russian Railways placed in full Series 17, 18 and 19 bonds. Series 17 has an overall nominal value of 15 billion roubles, Series 18 an overall nominal value of 15 billion roubles and Series 19 an overall nominal value of 10 billion roubles, reported the press-centre of Russian Railways.

The bonds were place via open subscription at the JSC Stock Exchange.

The first coupon of the first 17 Series bonds is 14.05% per annum, 14.25% on the 18 Series bonds, and 13.5% on the 19 series.

The issue was organized by VTB Capital, Gazprombank, Sberbank of Russia, Transkreditbank and Troika Dialog.

The funds raised will be used to finance infrastructure projects as part of Russian Railways’ investment program and financial plan.