By Aaron Hochman-Zimmerman
New York, Oct. 25 - JSC VTB Bank priced $1.2 billion of five-year fixed-rate notes (Baa2//BBB+) at Treasuries plus 262 basis points and $800 million of two-year floating-rate notes at Libor plus 170 bps, according to a market source.
Both issues priced at par.
Deutsche Bank and JP Morgan acted as bookrunners for the total $2 billion Rule 144A and Regulation S deal.
VTB is a Moscow-based retail and commercial bank.
| Issuer: | JSC VTB Bank
|
| Bookrunners: | Deutsche Bank, JP Morgan
|
| Pricing date: | Oct. 25
|
| Settlement date: | Oct. 31
|
| Distribution: | Rule 144A/Regulation S
|
| Ratings: | Moody's: Baa2
|
| Fitch: BBB+
|
|
|
| Five-year notes
|
| Amount: | $1.2 billion
|
| Issue: | Five-year fixed-rate notes
|
| Maturity: | 2012
|
| Price: | Par
|
| Spread: | Treasuries plus 262 bps |
|
|
|
| Two-year notes
|
| Amount: | $800 million
|
| Issue: | Two-year floating-rate notes
|
| Maturity: | 2009
|
| Coupon: | Libor plus 170 bps
|
| Price: | Par
|
| Yield: | Libor plus 170 bps
|
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