Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

American investors has bought $0.5 billion of Vnesheconombank Eurobonds
11.07.2012 21:02
American investors has bought $0.5 billion of  Vnesheconombank Eurobonds

Vnesheconombank has placed eurobonds of series 6 denominated in US dollars. The issue’s volume was 1 billion US dollars. The half of the volume (48%) was acquired by US investors.

The issue’s volume was 1 billion US dollars, the maturity period – 10 years with a coup rate of 6.025%. The spread to US treasuries with maturity date in May 2022 was 440 basis points.

The issue’s underwriters were Credit Agricole, Deutsche Bank, HSBC and J.P. Morgan.

More than 200 investors from the US (with the participation share of 48%), Europe (with the participation share of 27%), Great Britain (with the participation share of 19%), Asia (with the participation share of 4%) and other countries, with institutional investors accounting for the overwhelming participation share. The bid book was oversubscribed by more than three times and the coupon rate was set at a level significantly lower than the coupon levels of Vnesheconombank’s previous ten-year eurobonds.

The funds raised through placing eurobonds will be used to finance Vnesheconombank’s top-priority projects including in such important sectors as development of infrastructure, innovations, high technologies as well as providing support for the export of Russian products, works and services.

Author: Irina Fomina

Tags: Banks of Russia     

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Wooden Architecture  Russian economy  Perm  Unusual Monuments  Bryansk Electromechanical Plant   St. Petersburg  Reconstruction Events  Russian money  Russian car producers  Visa   fashion designer  Russian science  Russian tourism  Parliament in Action  Moscow Planetarium  Russian scientists  Dmitry Plavinsky  Archeology  Minsk  Online Exhibitions  human rights  Exhibitions in Moscow  aircraft  Balashov  buy Russian fashion designers online  Times Higher Education  Pavel Tchelitchew  Russia opposition  Tula  budget  Russian metal companies  Sverdlovsk region  Mercedes-Benz Fashion Week Russia  Gourmet Tours  Russian legislation  Russian air carriers  Russian anomalous zones  Film Festivals  Russian social networks  Russian Rock Music  Moscow  Photography  Film Festival  Ust-Ilimsk  Russian Rock  Gorno-Altaysk  health  Russian Cinema  Russian Music Instruments  Russian business 

Travel Blogs
Top Traveling Sites