Price-wary Vnesheconombank plans first euro outing

Russia’s Vnesheconombank (VEB), the Russian state-owned development bank, is planning its first bond in euros as the company seeks to better match its assets and liabilities and diversify its investor base. Barclays, Commerzbank, ING and Société Générale are arranging investor meetings for the deal that will take place in Europe on February 11-13.