By Reshmi Basu
New York, June 27 - Vneshtorgbank, via its VTB Capital SA unit, priced $1 billion of 30-year bonds (Baa2/BB+/BBB-) at par to yield 6¼%, according to a market source.
The deal came at the tight end of initial price guidance. Guidance had been set at 6¼% to 6 3/8%.
Deutsche Bank was the sole bookrunner for the Rule 144A/Regulation S bond offering.
The issuer is a Moscow-based state-run bank.
| Issuer: | VTB Capital SA
|
| Obligor: | Vneshtorgbank
|
| Amount: | $1 billion
|
| Maturity: | July 2, 2035
|
| Coupon: | 6¼%
|
| Issue price: | Par
|
| Yield: | 6¼%
|
| Spread: | Treasuries plus 235 basis points
|
| Put option: | Putable on July 2, 2015
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| Pricing date: | June 27
|
| Settlement date: | June 30
|
| Bookrunner: | Deutsche Bank
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BB+
|
| Fitch: BBB-
|
| Initial price guidance: | 6¼% to 6 3/8%
|
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