Russia's VEB raises $800 mln in three-year loan

MOSCOW Wed Dec 19, 2012 3:51am EST

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MOSCOW Dec 19 (Reuters) - Russian state development bank VEB has raised $800 million via a three-year syndicated loan, the bank said in a statement on Wednesday.

The rate was set at six-month LIBOR plus 1.4 percent and the funds will be used to refinance an outstanding loan raised in 2010 and to finance the lender's investment projects.

(Reporting by Katya Golubkova; editing by Megan Davies)

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