OREANDA-NEWS. November 27, 2014. State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” closed the order book for the placement of its series BO-02 bonds with a put option 1 year after placement.

Investors submitted 34 bids for a coupon range of 11.50–12.25% annually. Total demand for the series BO-02 bonds was RUB 10.2 bln.

As a result of book building, Vnesheconombank set the coupon rate at 12.0% annually.

Placement of the bonds will take place on November 27, 2014 on the MICEX Stock Exchange. The funds raised from the placement will be used for general corporate purposes, including financing the Bank’s lending and investment activities.

The issue was organised by Sberbank CIB, Gazprombank, and Raiffeisenbank.