VEB has completed the placement of short-term bonds of the PBO-001R-K259 series with a par value of 20 billion rubles, having sold 1.3% of the issue for 260 million rubles, the bank said.
The coupon rate is set at 3.94% per annum.
According to the documents, the bonds have a maturity period of 29 days, but the bank made a decision to repay the issue ahead of schedule on the 14th day from the date of the placement start.
Short-term bonds are placed under the program, which the Moscow Exchange (MOEX: MOEX) registered in May 2015 under the number 4-00004-T-001P-02E. The document provides for the placement by open subscription of securities with a circulation period of up to 30 years. Bonds can be issued in one of three currencies: rubles, dollars or euros. At the same time, the maximum volume of issues cannot exceed 300 billion rubles, as well as $ 10 billion and 5 billion euros. In February 2018, the bank made changes to the program, in particular, the issuer increased the volume in rubles to 3 trillion rubles, the volume in foreign currency remained unchanged.
Currently, there are 18 issues of VEB's exchange-traded bonds with a total volume of 210.12 billion rubles in circulation, 9 issues of classic bonds for 310.136 billion rubles and two issues of exchange-traded bonds for $ 1.15 billion.