On Holding an Auction to Place Pension Savings Funds on Deposits in Credit Institutions
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 |
On Making Payments On Government Foreign Currency-Denominated Bonds
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