Russia's VTB revises talk for $1 billion notes due September 2007 to Libor plus 75 bps

By Reshmi Basu

New York, Dec. 13 - Vneshtorgbank, via VTB Capital SA, tweaked price guidance for a $1 billion offering of floating-rate notes due September 2007 (A2/BBB-) to Libor plus 75 basis points, according to a market source.

Initial guidance had been set in the area of Libor plus 75 basis points.

ABN Amro, BNP Paribas, Citigroup and JP Morgan are joint bookrunners for the transaction.

Pricing is expected to take place Wednesday around the opening of the New York trading session.

The issuer is a Moscow-based state-run bank.

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