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Published on 7/14/2004 in the Prospect News Emerging Markets Daily.

Russia's Vneshtorgbank $300 to $500 million notes talked at L+287½ to 312½ bps

By Reshmi Basu

New York, June 14 - Vneshtorgbank (VTB) set price talk for its planned sale of $300 to $500 million floating-rate notes (Baa3/BB+) at a yield of 287 to 312½ basis points over Libor, according to a market source.

Barclays Capital, ING and HSBC Bank are running the Regulation S deal for the Moscow-based bank.

Pricing is expected Thursday.


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