New Issue: Russia's VTB-24 Capital sells $500 million three-year notes at Libor plus 82 bps

By Reshmi Basu

New York, Dec. 1 - VTB-24 Capital plc placed a $500 million offering of three-year loan participation notes (A2/BBB+/BBB+) at par to yield Libor plus 82 basis points, according to a market source.

The issuer is a core subsidiary of Moscow-based financial institution Vneshtorgbank.

Citigroup, Deutsche Bank and JP Morgan were joint bookrunners for the Regulation S deal, which was launched under the issuer's euro medium-term note program.

Issuer:	VTB-24 Capital plc
Amount:	$500 million
Issue:	Loan participation notes
Maturity:	Dec. 7, 2009
Coupon:	Libor plus 82 basis points
Issue price:	Par
Yield:	Libor plus 82 basis points
Lead managers:	Citigroup, Deutsche Bank, JP Morgan
Pricing date:	Dec. 1
Settlement date:	Dec. 7
Ratings:	Moody's: A2
	Standard & Poor's: BBB+
	Fitch: BBB+
Distribution:	Regulation S

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