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Russian Railways Sets Coupon Rate for Projected Bond Issue

November 2008.


Russian Railways has set the first coupon rate on its series 9 bonds at 13.5 percent per annum.
According to the state-owned company, the second and third coupon rates will be equal to the first one. Earlier reports indicated the company was going to float 15m bonds with a face value of RUB 1,000 (approx. USD 36.58) each on November 19, 2008 by public subscription. The issue totals RUB 15bn (approx.
USD 54.86m), RBC reports.



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