OREANDA-NEWS. October 15, 2012. State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ closed the bid book for participating in placing bonds of series 18 and 19 with a total par value of 20 billion rubles with an offer in 3 years from the initial date of placement.

The bid book for bonds of series 18 and 19 worth 10 billion rubles was successfully closed on November 10, 2012. The total demand for the bonds exceeded 40 billion rubles; the Bank received 73 applications of investors with a coupon rate ranging from 8.45% to 8.75% per annum. The final coupon rate was set by Vnesheconombank at a level of 8.55% per annum. The demand for the bonds at the final coupon rate exceeded 30 billion rubles. After closing the bid book Vnesheconombank decided to accept 36 applications of investors.

The bonds are to be placed on October 12 and 18, 2012 at MICEX-RTS. Funds to be received from placing the bonds will be used to fund the Bank’s credit-investment activity.

Vnesheconombank Deputy Chairman Alexandr Ivanov said, “A high demand for the bonds on the part of securities market makers testifies to the investment community’s high level of trust in Vnesheconombank’s obligations as one of the most reliable borrower on the Russian debt market. We are especially pleased to note that this transaction aroused considerable interest among foreign investors including those from Europe and the US and this reaffirms a high potential of the Russian stock market. Funds to be raised will fully meet Vnesheconombank’s needs for financing.

Organizers of the bond issues: VTB Capital, Gazprombank, VEB Capital.

Co-organizers of the placement of bonds of series 18 – Deutschebank, BFA, Roninvest, Promsvyazbank, UniCredit.

Underwriters of the placement – The Asia-Pacific Bank, Barclays, Bank KIT Finance, Pervobank.

Co-organizers of the placement of bonds of series 19 – BFA, Roninvest, UniCredit, underwriter of the placement – Bank KIT Finance.