February 15, 2013 / 8:02 AM / in 5 years

Russia's VEB raises 1.5 bln euros via Eurobonds-source

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MOSCOW, Feb 15 (Reuters) - Russia's state development bank Vnesheconombank, or VEB, has raised 1.5 billion euros ($2 billion) via an issue of Eurobonds, a financial market source said on Friday.

The borrowing was split between a five-year bond worth 1 billion euros, which was priced at 195 basis points over midswaps, and a 10-year, 500 million euro issue priced at 215 basis points over midswaps, the source said.

A string of Russian companies have recently rushed to raise money from the bond markets to take advantage of positive sentiment towards emerging markets, including Sberbank , Gazprom and Vimpelcom. ($1 = 0.7495 euros) (Reporting by Oksana Kobzeva; Writing by Maria Kiselyova; editing by Patrick Graham)

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