Russia's VTB Capital gets early tenders for $741.8 million 5½% notes

By Jennifer Chiou

New York, Nov. 21 - Russia's VTB Capital plc announced the receipt of early tenders for $741.8 million of its $777 million of 5½% notes due 2015 in the offer for up to $500 million of the notes.

The offer will end at 5 p.m. ET on Dec. 5. It began on Nov. 5.

Validly tendered notes may no longer be withdrawn.

For each $1,000 principal amount, the company will pay a total consideration of $1,112.50, including a $30.00 early tender payment to those who tendered prior to 5 p.m. ET on Nov. 20.

VTB will also pay accrued interest.

Settlement is anticipated for Dec. 6.

The tender agent is Lucid Issuer Services Ltd. (44 20 7704 0880 or dbk@lucid-is.com). The dealer managers are VTB Capital (44 203 334 8025 or vtb.dcm@vtbcapital.com), J.P. Morgan Securities plc (44 207 134 3224 or emea_lm@jpmorgan.com) and JSC Halyk Finance (7 727 259 05 93 or halykfinance@halykbank.kz).

VTB is a Moscow-based lender.

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