OREANDA-NEWS. On 08 September 2016, State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” announced a put option on its Series 21 Bonds with a total face value of RUB 15bn.

The next put option will be in 2.5 years. The coupon rate on the remaining put option is 10% p.a.

The Bank bought back 108,987 bonds worth RUB 0.1bn at par.

On 8 September 2016, bookbuilding for Series 21 tap issue was successfully completed. The aggregate demand from new investors was over RUB 2.5bn which by far exceeded the tap issue volume.