PRIME-TASS. The supervisory board at Vnesheconombank gave the green light to a program of ruble-denominated and currency bonds to be issued by the state-run corporation with an aggregate par value of Rub 590 bln, VEB CEO Vladimir Dmitriev told journalists after the supervisory board’s meeting.
Dmitriev pointed out that these bonds are needed to roll out VEB’s investing activities. This year around Rub 770 bln is to be earmarked to back the bank’s investment projects.
According to the bank’s board chairman, the issue of ruble-denominated bonds would total Rub 220 bln. In addition, the corporation plans to issue two bonded loans denominated in US dollars of $500 mln each, and two Eurobond issues worth €300 mln and €500 mln.
