On 26 Nov, 2008, Russian Railways issued 7-year semi-annual non-convertible Series 11 bonds for 15 billion roubles. The bonds were placed in full on Moscow’s MICEX Stock Exchange by public subscription. The rate on the first coupon was 13.5%. The bonds carry a put option for early redemption after 18 months.
The issue was managed by Vneshtorgbank, Gazprombank, Sberbank of Russia, TransCreditBank and Troika Dialog. The issue was assigned state registration number 4-11-65045-D.
The following Russian Railways’ bonds are outstanding. Series 03 for 4 billion roubles maturing in December 2009, Series 05 (10 billion roubles, maturing in January 2009), Series 06 (10 billion roubles, maturing in November 2010) Series 07 (5 billion roubles maturing in November 2012), Series 08 (20 billion roubles maturing in November 2011) and 09 series (15 billion roubles maturing in November 2013).