News
23 April 2021

The Supervisory Board of "Russian Highway" State Company approved a program of exchange-traded bonds in the amount of RUB 72.3 billion

According to the parameters of the draft program of activities of "Russian Highway" State Company for the long-term period (2010-2030), it is planned to attract direct borrowings in 2021-2030 by placing bonded loans in the amount of RUB 425 billion.

A need for placing the bonded loans in 2021 is estimated at RUB 72.35 billion. The volume of the program was determined based on the planned need of the State Company for extrabudgetary funding for this year. The maximum term for issuing exchange-traded bonds under the program of 004P series exchange-traded bonds is 10 years (3640 days).

"During the last Supervisory Board meeting, we approved a program of exchange-traded bonds for RUB 72.3 billion. The program of exchange-traded bonds is one of the instruments for attracting funding, – Marat Khusnulin, Chairman of the Supervisory Board of "Russian Highways" State Company said. The registered program will allow the State Company to raise funds in the capital market promptly to fund large-scale infrastructure projects in the road industry."

"The state company will continue to build high-quality highways in 2021, using not only federal budget funds, but also actively attracting extra-budgetary funding", – Vyacheslav Petushenko, Chairman of the Board of "Russian Highways" State Company emphasized. – Funds from the issue of exchange-traded bonds will be used, among other things, for further construction and development of M-4 "Don" Highway, which is the main transport artery connecting the capital with the south of Russia."