OREANDA-NEWS. August 03, 2009. Sviaz-Bank acted as co-managing underwriter of the Russian Railroads’ issue of Series 19 bonds, reported the press-centre of Sviaz-Bank.

The Russian Railroads, Ltd., floated its 15-year Series 19 bonds to raise 10 billion rubles. The first coupon of the Series 19 bonds carries an interest of 13.5% per annum.

The funds raised from the sale of the securities will be used to finance infrastructure projects within the framework of the company’s investment program and financial plan.