VEB Will Hold On 12-14 January Road-show of Eurobonds In Swiss Francs

 State Corporation "Bank for Development" (VEB) will hold on 12-14 January 2011 road-show of Eurobonds denominated in Swiss francs, a source in banking circles of Russia told to RIA Novosti. 

VEB appointed the organizers and book-runners of possible issue of Eurobonds in Swiss Francs in the volume of benchmark Barclays Capital, BNP Paribas , - said the source.
According to the source meetings with investors will be held on January 12 in Geneva, 13 - in Zurich and 14 - in Lugano.

Eurobonds of Russian RZD on Irish Exchange

Russian railway state monopoly RZD completed the debut issue of seven-year Eurobonds worth 1.5 billion dollars at the rate coupon of 5.739% per annum. Securities listed and traded on the Irish Stock Exchange, said on Friday press office of RZD. 

Issue of Eurobonds - loan participation notes issued by RZD Capital Limited, established for the purposes of Eurobonds in Ireland. Eurobond issue was implemented under the Regulation S of the Securities Act of the United States, the report said. 

Investment banks, Barclays Capital, JP Morgan Securities Ltd and VTB Capital acted as joint lead arrangers and book-runners, and TransCredit Bank was the organizer of the Eurobond issue, reminded the press service of the RZD.

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Russia's Eurobond Road Show in April

Russia will hold a road show of the first in the last 12 years Eurobond issue on 21-22 April 2010 in New York, said Finance Minister Alexei Kudrin.

"In 2010, net borrowing could reach 1.5 trillion rubles, excluding repayment on domestic and foreign markets. This is a large volume", - Kudrin commemted the Government's plans. 

By early April the Ministry of Finance planned to finalize the placement by rule 144A, that means among American and European investors. 

Deputy Finance Minister Dmitry Pankin said that Russia can produce the 30-year  and 10-year Eurobonds, because the market is in demand for long-term instruments. Lead Managers are: Barclays Capital, Citibank, Credit Suisse and Russia's VTB Capital.

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Bank of Moscow Eurobonds

Moscow government controlled "Bank of Moscow" placed five-year Eurobonds for $ 750 million with a coupon rate of 6.699 percent per annum, said IFR source in banking circles.

"Book of applications (for Eurobonds)  significantly exceeded $ 2 billion. This fact  qualifies the "Bank of Moscow" as one of the highest quality borrowers from Russia ", - told Reuters news executive director of JP Morgan Albert Sagiryan.  

Initially, the bank oriented investors at yields in the range of 400-450 basis points over swaps market average, then narrowed the landmark to 415-425 basis points over swaps. 

Road Show kicked off production last week. 

The organizers of the transaction appear Credit Suisse, Goldman Sachs and JP Morgan. 

Get the comment of the "Bank of Moscow" has not succeeded.

Eurobonds of MTS Russia

Mobile operator MTS intends in 2010

- to place eurobonds worth up to $ 1 billion

- or ruble bonds worth up to 35 billion rubles to refinance the debt of the company, told MTS to Reuters reporters.

The company is also considering the option of attracting loans from foreign banks in the amount of $ 200 to $ 500 million for a period of over five years with the expected rate of LIBOR +3,5-4,5 percent.

http://www.mtsgsm.com/

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