At the end of March 2017, RZD raised USD 420 million under an agreement for a 5-year unsecured syndicated loan. RZD has thus reentered the syndicated international lending market after a nine-year break.
The funds raised under the syndicated loan will go towards the partial refinancing of the company’s debut issue of dollar-denominated Eurobonds, which were placed in 2010. The loan’s authorised lead organisers were ING Bank N.V., UniCredit S.p.A. and a number of European banks. The agent for the loan was the London branch of UniCredit Bank AG.
As an active participant on the public borrowing market, with its share of the loan portfolio at the end of 2016 totalling 99%, the company is taking steps to improve its debt structure, including by diversifying its capital sources and financing instruments.
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