Russia's VEB plans CHF 100 million tap of 3¾% notes due 2016

By Christine Van Dusen

Atlanta, Feb. 9 - Russia's Vnesheconombank talked a planned CHF 100 million tap of its existing 3¾% notes due Feb. 17, 2016 at the mid-swaps plus 224 basis points area, a market source said Wednesday.

Barclays and BNP Paribas are the bookrunners for the deal.

The original CHF 400 million issue priced on Jan. 19 at par to yield 3¾%.

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

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