Vnesheconombank tightens as it eyes euros

14 Feb 2013

Russia’s Vnesheconombank (VEB), the Russian state-owned development bank, tightened price guidance on Thursday morning for five and 10 year euro benchmark notes. The notes are expected to price later on Thursday.

Five year guidance was set at 220bp over mid-swaps before being crunched to 210bp over. The guidance for the 10 year note was set at 240bp over mid-swaps before being tightened to 230bp over.

Barclays, Commerzbank, ING and Société Générale are arranging the deal.

The bond will mark ...

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