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Published on 7/6/2011 in the Prospect News Emerging Markets Daily.

Russia's Vnesheconombank sets tenor at 10 years or more for notes

By Christine Van Dusen

Atlanta, July 6 - Russia's Vnesheconombank (VEB) has set the tenor for its planned issue of notes at 10 years or more, a market source said.

BNP Paribas, JPMorgan, Morgan Stanley and RBS are the bookrunners for the deal.

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


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