Russia's VEB could issue $500 million of renminbi bonds

By Christine Van Dusen

Atlanta, June 5 - Russia's Vnesheconombank (VEB) is considering an issue of renminbi-denominated notes worth about $500 million, a market source said.

The notes are expected to carry a tenor of no less than five years.

The Moscow-based lender recently announced plans for a benchmark-sized issue of dollar notes due 2022.

No other details were available on Tuesday.

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