16 May 2017 15:23

VEB to hold book building for at least 15 bln rubles in bonds on May 19

MOSCOW. May 16 (Interfax) - Vnesheconombank (VEB) will hold a book building for a minimum of 15 billion rubles in exchange traded PBO-001P-07 series bonds on May 19 between 11:00 a.m. and 3:00 p.m. Moscow Time, a source in banking circles told Interfax.

The guidance on the first coupon is 9.10%-9.35% per annum corresponding to a yield at maturity in two and a half years of 9.31%-9.57% per annum.

The rates on coupons two through five are equal to the first coupon.

An offer on the issue is not envisaged. The nominal per bond is 1,000 rubles with semiannual coupon payments.

The technical placement is planned for May 26.

The organizers of the placement are VTB Capital, Sberbank CIB and Sovcombank.