Published on 3/7/2007 in the Prospect News Emerging Markets Daily.
New Issue: Russia's VTB Capital sells £300 million three-year bonds at 6.332%
By Reshmi Basu
New York, March 7 - Russia's VTB Capital SA sold a £300 million offering of three-year bonds (A2/BBB+/BBB+) at par to yield 6.332%, according to a market source.
Barclays Capital, BNP Paribas, Deutsche Bank and HSBC managed the Regulation S sale.
JSC Vneshtorgbank, a Moscow-based state-run foreign-trade bank, will borrow the proceeds from the sale.
On March 2, VTB Capital sold a €1 billion offering of two-year floating-rate notes at par to yield Euribor plus 60 basis points.
| Issuer: | VTB Capital SA
|
| Borrower: | JSC Vneshtorgbank
|
| Amount: | £300 million
|
| Issue: | Bonds
|
| Maturity: | March 15, 2010
|
| Coupon: | 6.332%
|
| Issue price: | Par
|
| Yield: | 6.332%
|
| Lead managers: | Barclays Capital, BNP Paribas, Deutsche Bank, HSBC
|
| Pricing date: | March 7
|
| Settlement date: | March 14
|
| Distribution: | Regulation S
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: BBB+
|
| Fitch: BBB+
|
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