MOSCOW, May 13 (RIA Novosti) - Russia's national
development bank, Vnesheconombank (VEB), is set to issue the
first tranche of foreign currency bonds worth $2 billion in a
bid to soak up surplus foreign currency liquidity in the
country, a VEB official said on Wednesday.
VEB Deputy CEO Sergei Lykov said the bonds would be issued
in the next five days immediately after the securities were
registered by the Federal Financial Markets Service.
"We hope that the bond issue will take place in the coming
days. So far the first tranche will be issued and we are
expecting strong demand," Lykov said.