Russian Railways is a multi-billion dollar railways company involved in transportation not only within all of Russia from the Pacific to the Baltic and Europe but in negotiating transportation deals spanning from Western Europe to Southern Asia. Pages could be spent here on operations of this giant but in this case, we’ll just stick to the bond. It has a comfortable maturity of 479 days, an effective YTM of 7.31%. It is rated BBB+/Stable by both Fitch and S&P, A3 by Moodys and is payable in the appreciating Ruble.