New Issue: Russia's Vneshtorgbank sells €1 billion two-year notes at Euribor plus 60 bps

By Reshmi Basu

New York, March 2 - Russia's VTB Capital SA (JSC Vneshtorgbank) sold a €1 billion offering of two-year floating-rate notes (A2/BBB+/BBB+) at par to yield Euribor plus 60 basis points, according to a market source.

Barclays Capital, BNP Paribas, Deutsche Bank and HSBC managed the Regulation S sale.

Moscow-based Vneshtorgbank is a Russian state-run foreign-trade bank.

Issuer:	VTB Capital SA (JSC Vneshtorgbank)
Amount:	€1 billion
Issue:	Floating-rate loan participation notes
Maturity:	March 13, 2009
Coupon:	Euribor plus 60 bps
Issue price:	Par
Yield:	Euribor plus 60 bps
Lead managers:	Barclays Capital, BNP Paribas, Deutsche Bank, HSBC
Pricing date:	March 2
Settlement date:	March 14
Distribution:	Regulation S
Ratings:	Moody's: A2
	Standard & Poor's: BBB+
	Fitch: BBB+

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