VEB to hold road show in Europe next week, might place euro-denominated Eurobonds
MOSCOW. Feb 6 (Interfax) - Vnesheconombank (VEB) has appointed Barclays, Commerzbank, ING, and Societe Generale to organize meetings with investors in Europe next week, as a result of which it might place a benchmark volume of euro-denominated Eurobonds, a financial market source told Interfax.
The road show will take place from February 11 to 13.
The last time VEB entered the Eurobond market was last summer, when the bank placed $1 billion in ten-year bonds at 6.025% per annum. The bid book then was thrice over-subscribed. The placement organizers were Credit Agricole, Deutsche Bank, HSBC, and JP Morgan.
Deputy VEB chief Alexander Ivanov said in mid-November last year that the previously announced Eurobond issues in euros and Swiss francs to be placed before the end of last year would not be. Those issues may be placed this year.