On 1 December 2016, State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” completed buyback from investors of its Series BO-11 Bonds.
As a result, the Bank bought back 1 mn bonds worth RUB 1 bn at par.
Series BO-11 Bonds were offered on 4 September 2014 with a maturity of 5 years and at a coupon rate of 9.75%.
Vnesheconombank Finances Export Supplies of Five Sukhoi Superjet 100 Jetliners to Ireland
Vnesheconombank (VEB), JSC Sukhoi Civil Aircraft (SCA) and Superjet International S.p.A (SJI) met in CityJet's headquarters in Dublin (Ireland) to enter into a Memorandum of Cooperation for financing Sukhoi Superjet 100 supplies.
The document was signed by VEB's Deputy Chairman – Board Member Nikolay Tsekhomsky for Vnesheconombank, SCA's President Kamil Gaynutdinov for Sukhoi Civil Aircraft and SJI's CEO Nazario Cauceglia for Superjet International S.p.A.
The parties agreed to develop cooperation and provide funding for supplies of five Sukhoi Superjet 100 planes in 2017. The jetliners are to be manufactured by JSC Sukhoi Civil Aircraft and customized by Russian-Italian joint venture SuperJet International S.p.A. for CityJet.
Vnesheconombank financed the delivery of three planes to the Irish regional airline in 2016. The fixed-price contract between JSC Sukhoi Civil Aircraft and Cityjet provides for the supply of 15 planes. Additional 16 planes may be delivered under an option.
Nikolay Tsekhomsky commented as follows: “The Sukhoi Superjet 100 export deal is a signal for the European aviation market that a new strong player has entered. Today, both European passengers and leading airline companies can see Sukhoi Superjet 100 in action. We are receiving positive feedback and are convinced of its future success in the region. Vnesheconombank will strive to support strategic export supplies as this helps to secure a strong position for Russian products on the global market.”
President of JSC Sukhoi Civil Aircraft Kamil Gaynutdinov: “Cooperation with CityJet is an example of successful implementation of plans declared by JSC Sukhoi Civil Aircraft and our focus on the customer's demands: the planes have been scheduled for flights and are to generate profit for the airline company immediately after delivery. Today, CityJet operates three Sukhoi Superjet 100 aircraft. The expansion of the fleet and its successful operation will help to promote the plane on a global scale and boost interest in it. The systematic support by our long-term partner Vnesheconombank is one of the key ingredients to our success.”
Since Vnesheconombank is a key partner for export projects in the Russian aviation sector, the implementation of the Memorandum will contribute to further strengthening and development of the partnership between Russian exporters and international buyers.
Sukhoi Superjet 100 is a new-generation regional passenger jet manufactured and supplied by JSC Sukhoi Civil Aircraft with financial support of Vnesheconombank.