VEB-leasing to price Eurobond this week

17 May 2011

VEB-leasing is on a roadshow to market a debut Eurobond via Credit Suisse, Goldman Sachs and VEB Capital. The roadshow, which visits Switzerland and London, finishes on Thursday and the deal is expected to price this week.

The financial covenants on the bonds are VEBL's net interest income being above zero and its total equity remaining above 5% of total assets.

VEBL is one of the largest leasing companies in Russia, and has a focus on the railway and airline sectors. VEB holds a 66.2% share ...

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