VEB Plans $967M Bond

SOCHI — State-run Vneshekonombank plans to sell as much as 30 billion rubles ($967 million) on the domestic bond market by the end of this year, chairman Vladimir Dmitriyev said Friday.

The sale is part of the bank’s target to sell as much as 190 billion rubles domestically, he told reporters, without giving a time frame for the sale of the total amount. VEB will wait with selling ruble bonds outside Russia until the government has proceeded with its ruble eurobond sale, he said.

(Bloomberg)


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