Eximbank of Russia's experts have set out on a search for banks to organize the release and return of exchange bond lones, as well as the issue of ruble obligations, reports finanz.ru

According to purchase documentation, the bank simultaneously declared two tenders on the organization of placements in the course of 2016. The first is in the framework of the bonds program, with a collective volume of up to $350 million or the equivalent of this sum in rubles; while the other provides for the bonds release within the program, amounting to 50 billion rubles.

At the moment, the bank has one set of bonds amounting to 5 billion rubles, which was placed in November, 2015. The rate on the 1st and 2nd coupons was 12.1% annually. The demand numbers, according to parallel bookkeeping equaled 1.6 times more than what supplied, reaching over 8 billion rubles. Gazprombank became the underwriter.

The Deputy Chairman of the Board, Artem Azarchenkov in December 2015 said that Eximbank planned on the placement of bonds in 2016 by at least 10 billion rubles.
"That was our debut placement, it will be duplicated. We are counting on at least doubling that amount. Our placement limit is currently at 10-15 billion rubles," he told Interfax.

The Eximbank of Russia was founded in 1994 with the objective of stimulating and supporting the export of Russian manufactures. Since November, 2014, the bank has been a subsidiary of the Russian Agency for Insuring Export Credits and Investments (EXIAR), and since 2015, it has been acting within the framework of the Russian export center.

At the conclusion of 2015, Eximbank was in 107th place among banks in the Interfax-100 ranking, in its asset volume.