VEB places 4.1% of short-term bonds issue for 828 million rubles

VEB places 4.1% of short-term bonds issue for 828 million rubles

VEB places 4.1% of short-term bonds issue for 828 million rubles

VEB has completed the placement of short-term bonds of the PBO-001R-K261 series with a par value of 20 billion rubles, having sold 4.14% of the issue for 828 million rubles, the bank said.

The coupon rate is set at 3.94% per annum.

According to the documents, the circulation period of the bonds is 29 days, however, the bank made a decision to early redeem the issue on the 21st 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 19 issues of VEB exchange-traded bonds in circulation with a total volume of 212.1 billion rubles, 9 issues of classic bonds for 310.136 billion rubles and two issues of exchange-traded bonds for $ 1.15 billion.

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