Vneshprombank Fulfills Commitments on Coupon Payment for Eurobond
OREANDA-NEWS. On May 14, 2014, Vneshprombank fulfilled its commitments on first coupon payment for a debut Eurobond issued in November 2013 under the Reg S rule. We recall that the three-year Eurobonds arranged by co-organizers were denominated in U.S. Dollars, for a total of 225 million U.S. dollars made by OTKRITIE Bank and Raiffeisen Bank International. Vladislav Sitnikov, Vice President of Vneshprombank, believes that Vneshprombank has affirmed its reliability and commitment to strict observance of financial discipline in the current difficult market conditions. Vneshprombank was founded in July 1995. According to a ranking of Russian banks, regularly updated by CEA Interfax experts, Vneshprombank ranked 39th in terms of assets (172,793,328,000 rubles; +3.85 %) based on 1st quarter, 2014 results. Vneshprombank took 50th place among top banks for equity, with 13,510,179 rubles (-1.11 %). Retained earnings in the amount of 209,987,000 rubles allowed Vneshprombank to hold 76th place in the corresponding category. Standard & Poors assigned Vneshprombank B+ long-term rating with "Stable" outlook; Moody's gave B2 long-term rating with "Stable" outlook.
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