New Issue: Russia's Vnesheconombank sells $750 million 5 3/8% senior notes due 2017 at par

By Christine Van Dusen

Atlanta, Feb. 2 - Russia's VEB Finance plc priced a $750 million issue of notes due Feb. 13, 2017 at par to yield 5 3/8%, or Treasuries plus 466.3 basis points, a market source said.

The notes were talked in the 5½% area.

BNP Paribas, JPMorgan, Morgan Stanley and RBS were the bookrunners for the Rule 144A and Regulation S deal.

The notes are guaranteed by Moscow-based lender Vnesheconombank.

Issuer:	VEB Finance plc
Guarantor:	Vnesheconombank
Amount:	$750 million
Maturity:	Feb. 13, 2017
Description:	Senior notes
Bookrunners:	BNP Paribas, JPMorgan, Morgan Stanley, RBS
Coupon:	5 3/8%
Price:	Par
Yield:	5 3/8%
Spread:	Treasuries plus 466.3 bps
Trade date:	Feb. 2
Settlement date:	Feb. 13
Distribution:	Rule 144A and Regulation S
Price talk:	5½% area

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