OREANDA-NEWS.  February 08, 2012. State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ placed an issue of eurobonds of series 5 denominated in US dollars under the EMTN Program.

The amount of the issue was 750 million US dollars, maturity of bonds is 5 years, and coupon yield is 5.375% per annum.

BNP Paribas, J.P. Morgan Securities Ltd, Morgan Stanley & Co. International plc and The Royal Bank of Scotland plc acted as organizers of the transaction.

According to Board Member, Vnesheconombank Deputy Chairman Anatoly Ballo, the bond issue allowed Vnesheconombank to raise a required amount of funds at an a acceptable coupon rate, given the said amount of the bond issue. The successful bond issue under the conditions of significant volatility on financial markets confirmed once again investors’ high confidence in Vnesheconombank as one of the most reliable Russian borrowers.

Most of the bonds were placed among a wide range of foreign high-class institutional investors.