On February 22, 2012 Vnesheconombank completed the placement of its USD-denominated series 01v bonds, with a total nominal value of USD 500 million, with a buy-back option 1 year after the date of the placement.
The order book for the bonds was successfully closed on February 17, 2012. In the course of the marketing, the indicative price range of the bonds was lowered from
Given the market situation, the offering price, coupon rate on the bonds and the demand, the issuer decided to accept 32 investor applications.
«We highly rate the results of the Vnesheconombank’s issue of foreign currency bonds. In addition to the largest Russian and foreign banks, a wide range of retail investors purchased bonds, which in our opinion points out that we have chosen the right strategy and time of placement. Given the more than
Funds received from the bonds will be used to finance the lending and investment activities of Vnesheconombank.
Gazprombank, Raiffeisenbank and Renaissance Capital were the organizers of the issue.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 10th among the Russian banks in terms of assets, based on 2011 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of private deposits and 8th with regard to consumer lending.
Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. RBI is the only Austrian bank with a presence in both the world’s financial centres and in Asia, the group’s further geographical area of focus. Around 60,000 employees service about 13.7 million customers through around 2,900 business outlets, the great majority of which are located in CEE. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBI’s shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the group head office of the entire RZB Group, including RBI.