Support The Moscow Times!

VEB Places $2Bln Bond

Russia's state development bank Vnesheconombank, or VEB, has raised 1.5 billion euros ($2 billion) via an issue of Eurobonds, a financial market source said on Friday.

The borrowing was split between a five-year bond worth 1 billion euros, which was priced at 195 basis points over midswaps, and a 10-year, 500 million euro issue priced at 215 basis points over midswaps, the source said.

A string of Russian companies have recently rushed to raise money from the bond markets to take advantage of positive sentiment towards emerging markets, including Sberbank, Gazprom and Vimpelcom.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.