Russia's Vneshtorgbank to start roadshow for dollar-denominated floaters next week

By Reshmi Basu

New York, Oct. 18 - Russia's VTB Capital SA (JSC Vneshtorgbank) plans to start a roadshow next week for a dollar-denominated offering of senior floating-rate notes (A2/BBB), according to a market source.

The roadshow is slated to start in Los Angeles on Monday, then move to New York on Tuesday, Boston and Philadelphia on Oct. 25 and wrap up in London on Oct. 26.

Barclays Capital, Deutsche Bank and JP Morgan are joint bookrunners for the Rule 144A and Regulation S offering.

VTB is 99.9%-owned by the Russian state through the Federal Property Agency. VTB Group, of which VTB is the parent company and main entity, owns several other banks in Russia, as well as banks in Armenia, Austria, Cyprus, Georgia, Switzerland and Ukraine. The group offers banking services predominantly to Russian corporate, SME and retail clients, and has more than 200 outlets across the country.

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