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Published on 6/30/2010 in the Prospect News Emerging Markets Daily.

Russia's Vnesheconombank talks notes at mid-swaps plus high 300 bps

By Christine Van Dusen

Atlanta, June 30 - Russia's Vnesheconombank (VEB) set initial price talk for its planned eurobonds due 2020 at mid-swaps plus the high-300 basis points, a source said.

Barclays, Citigroup, HSBC, Societe Generale, ING, Troika Dialog and VTB Capital are the bookrunners for the deal, which could price this week.

VEB is the Moscow-based Bank for Development and Foreign Economic Affairs.


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