EUROPE

Russia to back Ust-Luga bonds

17 years ago

Ust-Luga Port in Russia is to issue state-backed bonds worth $695m.

Under Russia’s infrastructure bonds scheme, Ust-Luga must ensure that half of all project costs must be met from other sources. The seven-ten-year bonds will help fund infrastructure construction. The issue will be managed by VTB, KIT Finance and Troika Dialog.