Vnesheconombank (VEB) is placing 5-year Eurobonds in the amount of 400 million Swiss francs at 3.75% per annum. this to Interfax . A source in the financial market reported

The technical placement of securities, when investors make mutual settlements with the issuer, will take place on February 17.

Earlier it became known that the benchmark yield is about 224 basis points to average market swaps. The indicative coupon rate is 3.75% per annum.

Mandates for organizing the transaction were issued by Barclays Capital and BNP Paribas. The road show of VEB Eurobonds took place last week.

Previously, sources believed that VEB plans to place securities worth 300 million Swiss francs, RIA Novosti notes .

The issue is VEB's debut on the Swiss debt market. Previously, Vnesheconombank borrowed only in US dollars. Last summer, the bank placed 10-year Eurobonds worth $1.6 billion, in the fall - 7-year securities worth $600 million and 15-year Eurobonds worth $1 billion.

In 2010, VEB raised a total of $8.2 billion: $3.2 billion through the issuance of Eurobonds, 25 billion rubles and $1 billion in the domestic debt market, about $1 billion in the form of a syndicated loan at the beginning of the year and $2.5 billion in related loans, including those covered by export agencies.

VEB places 5-year Eurobonds for CHF 400 million at 3.75%