VEB repaid 500 mio CHF Eurobonds

19 february 2016 года
#News
Back

State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) fulfilled its obligation to redeem Eurobonds amounting to 500 million CHF on February 17, 2016.

Debut 5-year CHF Eurobonds Series 4 were issued on February 17, 2011 at the coupon rate of 3.75%.


Media Relations Office
Phone: +7 (495) 608-46-93, Fаx: +7 (499) 975-21-34
E-mail: press@veb.ru

Back

Vladimir Dmitriev participates in the ceremony to open Ammonia chemical complex

12 february 2016 года
#News
Back

Vnesheconombank Chairman Vladimir Dmitriev participated in the ceremony to open an ammonia, methanol and granulated carbamide production complex in the city of Mendeleevsk. A ceremony to open the production facility took place in a tele bridge format.

VEB participates in funding a number of major investment projects on the territory of the Republic of Tatarstan. The Ammonia plant is one of VEB’s largest investment projects with a high innovative component that was implemented on the principles of project finance. The construction of the ammonia, methanol and granulated carbamide production complex started in 2011 from scratch, after JSC Ammonia, consortium of Japanese and Chinese companies - Mitsubishi Heavy Industries, Ltd (MHI, Japan), Sojitz Corporation Ltd (Japan) и China National Chemical Engineering Group Corp (CNCEC, China) signed a turnkey contract for the construction of a combined ammonia, methanol and granulated carbamide production complex. Besides the construction of a new integrated production facility there were plans to reconstruct the functioning production facility to produce ammonia nitrate which is widely used by Russian agricultural producers as a mineral fertilizer.

The project’s total value was 2.2 billion US dollars, with VEB’s participation share being 1.9 billion US dollars. This credit transaction was funded through using borrowed funds provided to Vnesheconombank by such financing institutions as Japan Bank for International Cooperation (JBIC), Sumitomo Mitsui Banking Corporation, Mizuho Bank и The Bank of Tokyo Mitsubishi with the participation of export insurance agency Nippon Export and Investment Insurance (NEXI), Japan on a commercial basis.

The plant’s production facilities are designed to manufacture 717.5 thousand tons of ammonia per year (without methanol production); 483.7 thousand tons of ammonia and 233.8 tons of methanol per year as a result of combined production as well as to manufacture 717.5 thousand tons of granulated carbamide per year.

The production facility project was implemented and within the established time limit and within the project’s approved budget.

In 2015, JSC Ammonia carried out guarantee tests of the integrated production facility. In pursuance of implementing the credit agreement with VEB, contracts were concluded with the world’s leading traders for the sale of carbamide in the amount of 500 thousand tons per year to countries of Europe, Latin America and the Middle East. Export transaction certificates were opened in Vnesheconombank for the said amount of supplies. The new plant’s operational commissioning made it possible to create about 500 new jobs and as a result of the project’s implementation, tax and other mandatory payments were transferred to budgets of all levels and to non-budgetary funds in the amount of more than 1 billion rubles.


Press Office
Phone: +7 (495) 608-46-93, Fаx: +7 (499) 975-21-34
E-mail: press@veb.ru

Back

Электронный офис клиента в разработке

Закрыть
Write a letter
The following required fields are missing: Your name
The following required fields are missing: Your e-mail
The following required fields are missing: Your message
The following required fields are missing: CAPTCHA
Your message has been sent.
Leave feedback

It is important for us to know your opinion about the bank in order to make our work even better.

The following required fields are missing: Your name
The following required fields are missing: Your company
The following required fields are missing: Your e-mail
The following required fields are missing: Your message
The following required fields are missing: CAPTCHA
Your message has been sent.