-VEB Leasing to sell bonds due 2017 via VEB Capital.
M2 EQUITYBITES-July 2, 2012--VEB Leasing to sell bonds due 2017 via VEB Capital(C)2012 M2 COMMUNICATIONS http://www.m2.com
2 July 2012 - VEB Capital will arrange the sale of five-year notes in an aggregate amount of USD400m (EUR316.6m) by Russian leasing firm VEB Leasing, news agency Prime reported on Friday, citing a statement from the issuer.
The leasing company, which is owned by Russian government-controlled Vnesheconombank (VEB), will issue the bonds in four tranches on 6 July 2012.
The company's management in April gave the go-ahead for 10 issues of bonds with five-year maturities worth USD1bn in total. The leasing company intends to sell the bonds in private placement transactions on the Moscow Interbank Currency Exchange.
The company was formed in 2003 and currently runs 82 regional offices across the country. Its main business lines include leasing of high-tech equipment, leasing of rolling stock, as well as leasing of river and sea vessels, aircraft, special machinery and vehicles. The company has foreign-currency and local-currency ratings of BBB by Fitch.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jul 2, 2012|
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