OREANDA-NEWS. June 09, 2010. The investment bank JP Morgan included Russian Railways’ Eurobonds in its EMBI Global and EMBI Diversified international indexes, reported the press-centre of RZD.

JP Morgan’s EMBI Indexes (Emerging Markets Bond Index) are the most well-known indexes among international investors.

Besides Russian Railways, the only other Eurobonds issued by Russian entities are those of the Russian Federation itself and Rosselkhozbank.

The inclusion of Russian Railways’ Eurobonds in the EMBI indexes further indicate the uniqueness of the Company’s debut issue and the high quality of its credit risk.
 
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On 1 April 2010, Russian Railways made a debut issue of Eurobonds amounting to USD1.5 billion on the Irish Stock Exchange. The Eurobonds have a term of 7 years and a coupon rate of 5.739%. Lead managers were JP Morgan Securities, Barclays Bank and VTB Capital, joint manager was TransCreditbank.