OREANDA-NEWS. September 3, 2010. Veles Capital has started placing RUR500m in promissory notes of AltaiEnergoBank. Veles Capital is the arranger and market-maker for the promissory notes programme. It is the bank’s debut in the securities market and an important step in the framework of implementation of measures aimed at diversification of the bank’s resource base. The first tranche of the programme amounts to RUR300m. Promissory notes maturing in 3 months pay 9%, notes maturing in 6 months pay 10%, notes maturing in 9 months pay 10.5%, and notes maturing in 12 months pay 11.5%. Minimum par value per promissory note is RUR1m. The main purpose of the sale is forming a public credit record for AltaiEnergoBank. The proceeds will be used for developing lending programmes.