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

Alamy_Railway_Russia_230x150
By Lewis McLellan
20 May 2019

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.

A green investor who considered the Russian Rail deal said: “The reality is this railway company is owned by the Russian government, and they are doing nothing about climate change at the moment.” He added that almost 50% of Russian Rail’s cargo is fossil-fuel related and added “there’s ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.