VEB Plans To Place Ruble-Denominated Bonds By The End Of 2010

Russian State Corporation "Bank for Development and Foreign Economic Affairs" (Vnesheconombank, VEB) is considering the possibility of placing the first ruble bond issue worth up to 30 billion rubles before the end of 2010. The head of VEB Vladimir Dmitriev told reporters in Sochi. According to his words, the expected term of the bonds is 5 years.