Lead bank lauds Russian Rail’s green credentials after investor scepticism

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Lead bank lauds Russian Rail’s green credentials after investor scepticism

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MBD9RT Freight train moves along Baikal lake. Trans Siberian railway. Russia. | Alamy Stock Photo

Russian Rail’s debut green Eurobond last week met with strong demand, but some investors had reservations about buying green bonds from a company owned by the Russian state and used to transport fossil fuels. Antonio Keglevich, UniCredit’s head of sustainability bond origination, responded to the criticism.

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