VEB.RF issued short-term bonds in additional placements to companies and corporations on 19, 20 and 21 June 2019.
The Bank raised 24.83 billion roubles, including 20 billion roubles from bonds with a maturity of 14 days and a coupon of 7.49% p.a., 0.82 billion roubles from bonds with a maturity of 21 days and a coupon of 7.42% p.a., and 4.01 billion roubles from bonds with a maturity of 28 days and a coupon of 7.36% p.a.
The par value of one bond is 1,000 roubles. The bonds were sold at 100% of their par value. The coupon is payable at maturity.
The arrangers of the bond issue are Gazprombank and Svyaz-Bank.
The bonds are on the Moscow Exchange’s Quotation List Level 1. The depository is National Settlement Depository.
The State Development Corporation “VEB.RF” closed the order book for VEB.RF’s PBO-001R-17 exchange-traded bonds on 20 June 2019. Under the programme of exchange-traded bonds, investors were offered bonds with a total par value of at least 20 billion roubles and with a term to maturity of four years.
The order book was opened on 20 June 2019 with an initial coupon rate from 8.15 to 8.25% p.a. When the order book was closed, the coupon rate was at the bottom of the marketed level at 8.15% p.a. whereas the bond issue totalled 20 billion roubles.
The overall demand for the PBO-001R-17 exchange-traded bonds with a coupon rate of up to 8.15% reached around 39 billion roubles.
The PBO-001R-17 bonds will be listed on the Moscow Exchange as from 27 June 2019.
Securities depository: National Settlement Depository.
Bookrunners: BC REGION, ROSSELKHOZBANK, PROMSVYAZBANK, SOVCOMBANK, CREDIT BANK OF MOSCOW