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Latest news
Dec 18, 2018
“The importance of energy saving encourages transport companies to introduce new technologies,” says Head of Russian Railways Oleg Belozerov
Dec 14, 2018
Russian Railways carried highest number of passengers in 10 years in 2018
Dec 12, 2018
Oleg Belozerov: Russian Railways sets record in freight turnover
Dec 11, 2018
Allegro passenger numbers increase by 12.8% in November 2018
Dec 11, 2018
New 2018/2019 train timetable comes into effect
Dec 07, 2018
35% discount off Allegro train tickets for organised groups of passengers
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Investor Relations
Debt and Lender Information

Debt and Lender Information

Raising outside capital is done in accordance with the Company’s Loan Programme, which provides for various instruments to finance the operations of Russian Railways, including using syndicated and bilateral loans, rouble bonds and Euro bonds, as well as leasing etc.

The Loan Programme is an essential part of the Company’s integrated financial management system and is supplemented by instruments to hedge risks, an investment and financial assets management system and procedures to manage working capital and liquidity etc.

All of the Company’s property, with the exception of assets limited to turnover as laid down in Russian Government Decree No. 57 dated 06.04.2004, is collateral for its loans and liabilities.

(a) Russian Railways does not have the right to transfer by leasing, allowing free use, placing under beneficial ownership or using as collateral the following assets in its Charter Capital:

  • main railway lines with all the attendant equipment and facilities, signalling, centralisation and blocking systems, power supplies, technological links intended for internal production and the management of technological processes on rail transport;
  • little-used railway lines, sections and stations with defence functions;
  • management information systems for rail transport and freight management systems;
  • engines, coaches and attendant facilities with defence functions;
  • objects subject to mobilisation, objects for civil defence, mobilised capacity preserved and unused, mobilised reserves, objects of material value in the mobilised reserve;
  • rolling stock for the implementation of special rail shipments;
  • objects and assets for accident and repair work.

(b) Russian Railways, in agreement with the Russian Government and according to government guidelines, has the right to transfer as collateral and also to sell and otherwise dispose of assets which amount to a transfer of ownership the following assets:

  • shares in subsidiaries run as single business entities;
  • little-used railway lines, sections and stations with all the attendant equipment and facilities, as well as plots of land upon which the listed objects and facilities stand (with the exception of little-used railway lines, sections and stations with defence functions);
  • property relating to rail transport infrastructure intended for general use with the exception of objects listed in point (a).

The list of assets limited to turnover as indicated in points a) and b) are defined by the Russian Government.

Neither this website nor its contents or any website to which it has hypertext links constitutes an offer to sell or a solicitation of an offer to purchase any securities in the United States of America, Canada, Japan, Australia, the Russian Federation or in any other jurisdiction.
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