VEB placed primary issue of eurobonds released in the volume of 1.5bn euro, the Bank informed.
Two tranches were raised including the 5-year worth 1bn euro at 3.035% (195 points/average swap rate) and 10-year worth 500mln euro at 4.032% (215 points/average swap rate).
The arrangers involve Barclays, Commerzbank, ING and Societe Generale. The volume of the bids on the 5-year issue exceeded the offer more than 3 fold and on the 10-year - double times. The issues differ as of the wide investors diversification and regional distribution.
VEB (TIN 7750004150) was formed through the restructuring of Vnesheconombank. From the moment of its foundation the supervisory council analyzed the projects and approved 70 out of them appraised to worth 750bn rub.; its share exceeding 400bn rub.
The projects, mainly, are aimed to the development of innovations and infrastructure (80%); others - to the exports support.
The 2011-net profit (IAS) dropped 3.8 fold to 7.48bn rub. vs. prior year.
The IQ 2012 net profit (RAS) reached 7.6bn rub. due to 45% in the drop against prior year.
The 9-month 2012 net profit (IAS) increased 2.5 fold to 31.8bn rub.