On Vnesheconombank’s Participation in the New Passenger Terminal Construction Project in the Vladivostok International Airport

28 december 2009 года
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The governance bodies of State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ approved the financing of the new Passenger Terminal Construction Project in the Vladivostok International Airport. A credit agreement between the Bank and CJSC Terminal Vladivostok (a subsidiary of OJSC the Sheremetjevo International Airport) is scheduled to be concluded in the near future.

Besides extending credit resources in the amount of 3.6 billion rubles for a period of 15 years in order to reduce the debt burden and upgrade corporate governance procedures, Vnesheconombank is planning to participate in CJSC Terminal Vladivostok’s charter capital through buying out the company’s additional issue in 2010.

The Project aimed at building a terminal with an area of 55 thousand sq. meters and a capacity of 3.5 million passengers a year is being implemented as part of preparations for the Asian Pacific Countries Summit in 2012.

A total amount of capital investments under the project is scheduled to be about 175 million US dollars. The Project’s implementation period is 2009-2011.

The Bank’s participation in major transport infrastructure projects is one of its activity priorities.

 

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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On Increasing Charter Capital

25 december 2009 года
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In accordance with Russian Government’s Instruction the Russian Finance Ministry made a contribution of 21 billion rubles to the charter capital of State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’.

At present, Vnesheconombank’s charter capital is 383.5 billion rubles.

 

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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On Commissioning the Second Stage of the Sochi Thermoelectric Power Station

24 december 2009 года
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A ceremony of commissioning the second stage of the Sochi thermoelectric power station was held today. The power station expansion project was implemented by OJSC INTER RAO EES jointly with Vnesheconombank.

The total value of the project was about 5.1 billion rubles, with Vnesheconombank’s financing amount being 3.7 billion rubles.

The Sochi thermoelectric power station is one of the most modern and energy-efficient electric power stations in Russia. This project’s financing is in line with the Memorandum on Vnesheconombank’s Financial Policies in the field of energy infrastructure and implementation of projects aimed at enhancing energy efficiency.

The second stage of the Sochi thermoelectric power station is the first facility to have been commissioned as part of preparations for the 2014 Olympic Games. The Sochi thermoelectric power station is the most important facility to supply the city of Sochi with energy. It is included in the government program of constructing Olympic facilities and developing the city as a mountain climatic resort.

Vnesheconombank is one of the main creditors of the construction of Olympic facilities. Vnesheconombank has started to finance five Olympic facilities. The amount of credit resources extended to finance the said projects is more than 11 billion rubles.

 

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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On Holding an Auction to Place Pension Savings Funds on Deposits in Credit Institutions

24 december 2009 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ announces that an auction to place pension savings funds on deposits in credit institutions is to be held on December 29, 2009.

Auction Parameters:

Date of deposit auction December 29, 2009
Period of placing funds 90 (ninety) days
Maximum amount of funds to be placed in credit institutions 13 500 million rubles
Date of placing funds December 29, 2009
Date of refunding funds March 29, 2010
Minimum interest rate on funds to be placed on deposits in credit institutions, % per annum 7.7 %
Minimum amount of one application 100 (one hundred) million rubles
Call for auction bids from 13.30 to 14.15
Determining cutoff rate or declaring bids selection process invalid from 14.15 to 14.45

 

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On Making Payments On Government Foreign Currency-Denominated Bonds

23 december 2009 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ in accordance with the terms of issuing Eurobonds and on the Russian Finance Ministry’s instructions made a payment for a total amount of 159 365 437.50 US dollars to pay interest on the 1998 Eurobonds.

The payment was made in a single currency. The funds were transferred to Citibank N.A., London Office.

The 1998 Eurobonds were issued for an amount of 2.5 billion US dollars for a period of 30 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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