VEB.RF places 40 billion rubles worth of exchange-traded bonds

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VEB.RF Issues Exchange-traded Bonds Worth 40 Billion Rubles

VEB.RF has successfully issued series PBO-002R-57 exchange-traded bonds worth 40 billion rubles at face value.

The bank issued 40 million bonds with a face value of 1,000 rubles each through an open subscription.

The bonds have a maturity period of 3 years.

The coupon period is 91 days.

The coupon yield is calculated based on the increase in the RUONIA (Ruble Overnight Index Average) index value plus a spread of 1.85% per annum, as determined at the end of the bid collection process.

VEB.RF acted as the placement agent.

The bonds were issued under the exchange-traded bond program series 002R with a total volume of up to 5 trillion rubles or its equivalent in foreign currency.

This overview was presented by Alexei Grishchenko, Ph.D. in Economics, Professor at the Department of Operational and Sectoral Management of the Higher School of Management at the Financial University under the Government of the Russian Federation.