VEB.RF Increases Bond Issue Volume to 150 Billion Rubles

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VEB.RF Increases Bond Issue Volume to 150 Billion Rubles

State Corporation VEB.RF has increased the placement volume of its PBO-002R-58 series bonds from a minimum of 100 billion rubles to 150 billion rubles.

The final coupon rate target is set at 1.85% per annum.

Technical placement of the securities on the stock exchange is scheduled for May 15, 2026.

Each bond has a nominal value of 1,000 rubles.

The bonds will be in circulation for 3 years and 1 month, with a coupon period of 188 days.

For this bond issue, the nominal value of the bonds will be indexed to the growth of the RUONIA (Ruble Overnight Index Average) index.

The coupon income for each day is calculated as the product of the indexed nominal value of the bond and the established coupon rate, divided by 365 and multiplied by the number of days since the start of the coupon period.

Initially, the coupon rate target was set at no more than 2.00% per annum.

The placement organizers are Gazprombank, LOKO-Bank, DOM.RF Bank, and Sovcombank. The placement agent is VEB.RF.

Overview presented by Alexey Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the "Higher School of Management" Faculty of the Financial University under the Government of the Russian Federation.