VEB Fulfills Its Obligations Under Domestic Bonds Put Offer
OREANDA-NEWS. State Corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)" on July 21, 2015 successfully fulfilled its obligations to purchase bonds from investors in the course of the put offer under its RUB 20 billion Series БО-01 exchange bonds issue.
The coupon rate of the bonds was set at 11,80 % per annum till maturity in one year.
Under the current put offer Vnesheconombank bought 281 000 bonds with the total par value of about RUB 281,1 million.
During the secondary placement of the purchased bonds the investors' order book was closed in advance, as the demand for the Series БО-01 exchange bonds exceeded their offer many times.
Anatoly Ballo, Deputy Chairman of Vnesheconombank, said: "Maintaining of investments in Vnesheconombank's bonds in the amount of RUB 20 billion is a sign of the investment community unshakable confidence in Vnesheconombank as one of the most reliable borrowers. To our opinion, successful implementation of such substantial projects testifies to the high potential of the Russian financial market.".
Arrangers of the БО-01 exchange bonds put offer and secondary placement are REGION Broker Company and VTB Capital.
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