OREANDA-NEWS. November 14, 2013. The order book was closed for the acquisition of VEB-Leasing’s series 12 and 13 bonds worth RUB 10 bln.

During book building, 54 investor bids were received for the bonds with the coupon rate falling between 7.90% and 8.50% annually. Investor demand for the bonds amounted to RUB 19 bln. As a result of book building the first coupon was set at 8.25% annually. Amortisation of the principal will take place as follows: 12.5% upon payment of the 3rd to 10th coupons.

Given the market situation, placement price, coupon rate, and demand for the bonds, VEB-Leasing made the decision to accept 42 investor bids.

Settlements for the deal will take place upon bond placement on the MICEX Stock Exchange on November 12, 2013.

The placement was organised by Sberbank CIB, VEB Capital and VTB Capital.

Information for editors:

VEB-Leasing
Open Joint-Stock Company VEB-Leasing:  established in 2003, the company's sole shareholder is the state corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank). VEB-Leasing specializes in the leasing of high-tech equipment, rolling stock, aircraft, marine and river vessels, vehicles and specialized equipment. Since 2009, VEB-Leasing has been the leader of the Russian leasing market in terms of new business volume, and since the first half of 2012, also in terms of the net leasing portfolio, while maintaining key positions in such capital-intensive segments as leasing of air transport, railway rolling stock, sea and river vessels. As a result of the first six months of 2013, the volume of the company’s new business totalled RUB 96 bln and the volume of the leasing portfolio reached RUB 588 bln.