VEB.RF issued short-term bonds in an additional placement to companies and corporations on 7 August 2019.
The Bank raised 13.6 billion roubles from bonds with a maturity of 14 days and a coupon of 7.02% 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 arranger of the bond issue is Gazprombank.
The bonds are on the Moscow Exchange’s Quotation List Level 1. The depository is National Settlement Depository.
VEB-Leasing, a subsidiary of State Development Corporation “VEB.RF”, has won the public auction held by RZD Trading Company. The project aimed at the renewal of the Sakhalin rail road rolling stock has financial backing from the Far East Development Fund (FEDF), a member of VEB.RF Group. The total project value exceeds 778 million roubles.
Three RA-3 rail buses are leased out to Sakhalin Passenger Rail Carrier, the operator of long-distance and commuter trains in the Sakhalin Region. Intended for commuter traffic at non-electrified sections of rail roads, the new rolling stock can be operated in extreme temperature conditions, which is of crucial importance for the Russian Far East. The official dispatch of the buses to Sakhalin took place at Metrowagonmash, a member of Transmashholding Group.
“Not only does this project contribute to quality of the regional passenger traffic but it also introduces to the market a new Russian-manufactured RA-3 rail bus,” VEB.RF’s Deputy Chairman and VEB-Leasing’s CEO Artem Dovlatov said.
“Worldwide, best cutting-edge solutions make railways a fast and comfortable means of transport. This is the way we want it to be in Russia’s Far East. The project is our joint contribution to higher quality of the Sakhalin transport and logistics infrastructure,” FEDF’s CEO Aleksy Chekunkov said.