Russian Railways plans enter the stock market selling ruble-denominated bearer bonds worth RUR12bn (about USD413m), the press department of the company reported. Web-invest Bank and JPMorgan Bank will be the managers of the issue. The company will issue 3 series of 4m bonds. The public offering price will be equal to par value of bonds, namely RUR1,000 (about USD34.48). The maturity of bonds series 1 will total 1 year. Series 2 bonds will float on the market for 3 years. Series 3 bonds are supposed to be 5-year securities.
The Standard and Poor's rating agency assigned BB+ long-term foreign and local currency rating and AA+ national scale rating to Russian Railways. The Moody's rating agency assigned Baa3 unsecured foreign currency debt rating to the Russian company, outlook is positive.
Some people are even concerned that China may misread the AUKUS as F**KUS