Source Pravda.Ru

Russian Railways to close $600 million loan deal in October

Russian railroad monopoly Russian Railways (RZD) plans to secure a syndicated $600 million loan from international banks October 19, the company's press release said Friday.

"The deal on attracting a syndicated $600 million loan from international banks at a 4.825% interest rate will be concluded on October 19," RZD President Vladimir Yakunin said after a board of directors meeting.

As of September 19, RZD had already attracted $540 million of the targeted $600 million from an international syndicate that includes underwriters Barclays Capital, Dresdner Kleinwort Wasserstein, HSBC Holdings, Raiffeisenbank, which have each loaned $60 million, along with Tokyo-Mitsubishi Bank, Mizuho Corporate Bank, KfW, Bank Austria Creditanstalt, WestLB, and Calyon, each providing $50 million, RIA Novosti reports.

Russian Railways is the 100% state-owned operator of the country's railroad infrastructure and the main freight and passenger rail carrier.

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Presidential candidate Ksenia Sobchak, who was accredited for the press conference by Vladimir Putin from Dozhd (Rain) television channel, asked Putin about competition at the coming election

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