VEB To Price $1B 10-Yr Bond At Treasuries +4.00 Area

1st Jul 2010 13:57

LONDON (Dow Jones)--Russian state development bank Vnesheconombank, or VEB, will price its new $1 billion, 10-year bond issue around 400 basis points over treasuries, a lead manager on the deal said Thursday. Barclays Capital PLC, Citigroup Inc., HSBC Group PLC and Societe Generale SA are leading the transaction, which is expected to launch and price later Thursday. The deal follows 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 Michael Wilson, Dow Jones Newswires; 44 20 7842 9349, [email protected] (END) Dow Jones Newswires July 01, 2010 08:57 ET (12:57 GMT)