MOSCOW Jan 29 State-run Russian Railways (RZhD) plans to issue a two-tranche Eurobond worth at least 500 million Swiss francs ($539 million), IFR said on Tuesday.
IFR, a Thomson Reuters news and market analysis service, said Russian Railways opened books for 5-year and 8-year tranches.
Russian Railways said in December it planned to borrow 203 billion roubles ($6.7 billion) in 2013.
Russian borrowers raised a total of around $53 billion via Eurobond issues last year and have been opening books this year to profit from positive risk sentiment towards emerging markets.
A banking source told Reuters on Tuesday that Russian Agricultural Bank, also known as RSHB, opened books for a five-year rouble-denominated Eurobond issue of a benchmark size - or at least $500 million for the names of its size.
($1 = 0.9271 Swiss francs)
($1 = 30.1805 Russian roubles) (Writing by Maya Dyakina and Katya Golubkova; Editing by Mark Potter)