Russia's VEB Hires Banks For New Bond Issue-Source

30th Jun 2010 13:12

LONDON (Dow Jones)--Russian state development bank Vnesheconombank, or VEB, plans to issue bonds via lead managers Barclays Capital PLC, HSBC Group PLC and Societe Generale SA, a person familiar with the matter said Wednesday. The bonds are expected to be launched following an investor roadshow, which finished Wednesday. VEB is rated Baa1 by Moody's Investor Relations and BBB by both Standard and Poor's Corp and Fitch Ratings Inc. -By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires June 30, 2010 08:12 ET (12:12 GMT)

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