New Issue: Russia's VEB prices $1 billion 6.025% notes due 2022 at Treasuries plus 440 bps

By Christine Van Dusen

Atlanta, June 27 - Russia's Vnesheconombank (VEB) priced a $1 billion issue of 6.025% notes due July 5, 2022 (Baa1/BBB/BBB) at par to yield 6.025%, or Treasuries plus 440 basis points, a market source said.

Credit Agricole, JPMorgan, Deutsche Bank and HSBC were the bookrunners for the deal.

VEB is a Moscow-based lender.

Issuer:	Vnesheconombank (VEB)
Amount:	$1 billion
Maturity:	July 5, 2022
Description:	Senior notes
Bookrunners:	Credit Agricole, JPMorgan, Deutsche Bank, HSBC
Coupon:	6.025%
Price:	Par
Yield:	6.025%
Spread:	Treasuries plus 440 bps
Trade date:	June 27
Settlement date:	July 5
Ratings:	Moody's: Baa1
	Standard & Poor's: BBB
	Fitch: BBB

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