VEB.RF has completed another offering of short-term bonds. The total volume of the issue is about RUB 7.285 billion. The bank offered a coupon rate of 4.13% p.a. on the 28-day bond issue, the bank informed.
With a face value of RUB 1,000, the bonds are placed at 100% of the face value. The coupon is payable at maturity.
State Development Corporation VEB.RF (Vnesheconombank State-owned Corporation, tax number: 7750004150) was established under the Federal law of the Russian Federation "About the Bank of Development" through the reorganization of Vnesheconombank USSR in 2007. Vnesheconombank is one of development institutes focusing on the elimination of infrastructural restrictions for the economical advance, the increase of efficiency of natural resources utilization, the development of hi-tech industries, the optimal usage of the SME innovative and production capacities, the support of export of industrial products and services.