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Russia's VTB holders consent to amend RUB 30 billion 7¼% notes
By Jennifer Chiou
New York, Dec. 14 - Russia's VTB Bank announced that it obtained consent from holders of all RUB 30 billion of the 7¼% loan participation notes issued by VTB Capital SA.
Specifically, holders consented to the following amendments taking effect on Dec. 20:
• The interest rate will not be subject to an annual reset on Nov. 28, 2011; and
• There will be no put settlement date at the same time next year.
Questions may be directed to Alexander Smolin, managing director/head of debt finance, at (7 495 956 3056).
VTB Bank is a Moscow-based lender.
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