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Prospect News home > News index > List of issuers V > Headlines for Vneshtorgbank > News item
Published on 12/13/2004 in the Prospect News Emerging Markets Daily.

Vneshtorgbank plans to issue $300 million 18-month notes at Libor plus 140 to 150 bps

By Reshmi Basu

New York, Dec. 13 - Russia's Vneshtorgbank plans to issue $300 million 18-month notes (Baa2/BB+/BBB-) at Libor plus 140 to 150 basis points, according to a market source.

The proposed notes are part of the company's euro medium-term note program.

Pricing is expected mid-week.

Deutsche Bank and Barclays Capital are running the Regulation S deal.

Vneshtorgbank, based in Moscow, is a state-owned institution.


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