VEB will yuan to $ 500 million

Vnesheconombank plans to place bonds in the amount of RMB $ 500 million with maturity of at least 5 years. About this soobschaets on Monday, 18 April, the Prime-TASS reported quoting the head of state corporation Vladimir Dmitriev. "At least half a billion (dollars) this year" - said Dmitriev, speaking about plans VEB placement of Eurobonds in yuan this year. He explained that this would be an offshore Renminbi Hong Kong. "There's a cheap market, if even then svopirovat in dollars, borrowing is cheaper than a direct borrowing in dollars", - added the head of state corporations. In February 2011 Vnesheconombank posted its first Eurobond issue denominated in Swiss francs. The volume of production amounted to 500 million Swiss francs ($ 522 million), maturity securities - 5 years, the yield on coupon - 3.75% per annum.