March 20, 2017 |
Russia’s Vnesheconombank (VEB) plans to collect bids for 15 billion ruble exchange bonds, maturing in July 2018, on Thursday, a banking source told PRIME on Monday.
The guidance for the first coupon rate is set at 9.45–9.55% annually, which corresponds to a 9.69–9.80% annual yield to maturity.
The first coupon period is 120 days, the second and third coupon periods are 182 days each.
The technical placement is preliminary scheduled for March 30. Bank Zenit will act as the organizer.
The securities will be offered under an exchange bond program, registered in May 2015.
|Full company name||Vnesheconombank|
|Country of risk||Russia|
|Country of registration||Russia|