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Published on 2/10/2011 in the Prospect News Emerging Markets Daily.

New Issue: Russia's Vnesheconombank sells CHF 100 million add-on to 3¾% notes due 2016 at 99.7

By Christine Van Dusen

Atlanta, Feb. 10 - Russia's Vnesheconombank priced a CHF 100 million tap of its existing 3¾% notes due Feb. 17, 2016 at 99.7, a market source said.

Barclays and BNP Paribas were the bookrunners for the deal.

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

No other details were available Thursday.

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

Issuer:Vnesheconombank
Amount:CHF 100 million
Maturity:Feb. 17, 2016
Description:Notes
Bookrunners:Barclays, BNP Paribas
Coupon:
Price:99.7
Trade date:Feb. 9
Price talk:Mid-swaps plus 224 bps area
Total amount:CHF 500 million, including CHF 400 million priced Jan. 19 at par

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