Development of Infrastructure Bonds in Russia: Elaboration of the Regulatory Framework and Instruments to Raise the Attractiveness for Investors is Required[Развитие Инфраструктурных Облигаций В России: Требуется Проработка Нормативной Базы И Инструментов Повышения Привлекательности Для Инвесторов]

The article analyzes the current changes in the parameters of infrastructure bonds in Russia, which are a common instrument in the world practice for attracting private targeted financing for long periods (20–30 years) for the implementation of infrastructure projects, when the possibility of using other instruments to raise funds is difficult. Based on the review of the development of the infrastructure bond market in foreign countries and the retrospective and modern Russian practice, the main criteria that ensure the attractiveness of infrastructure bonds are highlighted, possible problems are identified and recommendations for the development of infrastructure bonds in Russia are made The article was prepared as part of the state research order of the RANEPA.