Eurasian Development Bank buying back up to $200 mln of 2022 bonds

MOSCOW. April 19 (Interfax) - Eurasian Development Bank is buying back up to $200 million bonds maturing in 2022 at face value, the bank said.

The purchase price will be set at a modified Dutch auction with a floor price of $700-$1,000 of par value and upper limit of $800-$1,000.

A total of $493.96 million of this issue is outstanding.

Bids will be accepted from investors until April 28 inclusive with settlement expected on May 5. The repurchased bonds will canceled.

The offer is not applicable to Russian residents or to investors who hold bonds via National Settlement Depository.

The EDB placed the 10-year bonds at 4.767% in September 2012.