On Vnesheconombank’s Placement of Additional Eurobond Issue

26 july 2010 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ placed an additional Eurobond issue for an amount of 600 million US dollars.

This issue was made as part of increasing a debut issue of ten-year eurobonds for an amount of 1 billion US dollars under the LPN Program subject to Rule 144a/RegS.

The issue yield  rate was 6.6% per annum. The book was oversubscribed by more than 2 times.

The placement of additional eurobond issue at a lower interest rate with a significant oversubscription confirmed the correctness of the Bank’s strategy upon placing the first issue. One of the debut issue’s objectives was to create a positive image of Vnesheconombank as an issuer planning to make further borrowings on the international capital markets and establishing long-term strategic relations with investors.

Barclays Capital, Citi Bank, HSBC, Societe Generale, acted as arrangers of the bond issue, ING Bank, VTB Capital, Troika Dialogue acted as co-arrangers.

 

Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

 

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On Making Payments On Government Foreign Currency-Denominated Bonds

23 july 2010 года
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In accordance with the terms of issuing Eurobonds and on the Russian Finance Ministry’s instructions State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ made a payment for a total amount of 190 651 890 US dollars to pay interest on the 1998 Eurobonds.

The funds were transferred to Citibank N.A., London Office.

Eurobonds were issued for an amount of 3 466 398 000 US dollars for a period of 20 years with coupons to be paid twice a year.

 

Origin: Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

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