By Paul A. Harris
St. Louis, Oct. 27 - VTB Capital SA, a financing arm of Russia's Vneshtorgbank, priced a $1.75 billion issue of 21-month senior floating-rate loan participation notes (A2/BBB+) at par to yield three-month Libor plus 60 basis points on Friday, according to an informed source.
The yield came at the tight end of the Libor plus 60 to 63 basis points price talk.
JP Morgan, Barclays Capital and Deutsche Bank were joint bookrunners for the Rule 144A/Regulation S issue.
VTB is 99.9%-owned by the Russian state through the Federal Property Agency.
Issuer: VTB Capital SA/Vneshtorgbank
| Amount: | $1.75 billion
|
| Maturity: | Aug. 1, 2008 (21 months)
|
| Security description: | Senior floating-rate loan participation notes.
|
| Bookrunners: | JP Morgan, Barclays Capital, Deutsche Bank
|
| Coupon: | Three-month Libor plus 60 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 60 bps
|
| Trade date: | Oct. 27
|
| Settlement date: | Nov. 2
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: BBB+
|
| Distribution: | Rule 144A/Regulation S
|
| Price talk: | Libor plus 60 to 63 basis points
|
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