OREANDA-NEWS. May 26, 2011. Eurasian Development Bank (EDB) placed debut commercial papers issues (USD25 m maturing in 184 days and EUR32 m maturing in 364 days) to a total amount approved by the Bank's Management Board (up to EUR50 m) - under the Euro-Commercial Paper Programme amounting to USD3.5 bn., reported the press-centre of KASE.

The above-mentioned issues were placed amongst European and Russian institutional investors. Investment banks UBS Limited и VTB Capital plc. acted as placement  dealers.

"We are happy with the placement results as well as investors' mood. What's not less important, commercial paper issues  is the beginning of the Bank's new credit history at the short-term segment of the capital markets which is new to us. I have no doubt that the Bank's successful operations in this segment will help reduce cost of borrowing for long-term instruments, as well, - says Dmitriy Krasilnikov, member of EDB's Management Board, managing director for Corporate Finance. - On top of that, placement of commercial paper is in line with the goals we set with regard to more flexible administering of the Bank's liabilities and lowering their cost".

Besides the commercial papers placed, Eurasian Development Bank, whose credit ratings were affirmed at BBB/ВВВ/А3 от Fitch/S&P/Moody's, has placed global Eurobonds to the amount of EUR20 bn maturing in April 2014, and USD500 m expiring in September 2014. Those Eurobonds issues were made under the Bank's EMTN Programme. Additionally, currently there are two local bond issues in circulation denominated in rubles to the total amount of RUR10 bn with the term until offer 2 and 3 years accordingly.