By Aaron Hochman-Zimmerman
New York, July 30 - VTB Bank priced a CHF 300 million reopening of its 7½% bonds (A2/BBB+/BBB+) due 2011, according to a market source.
The bonds priced at par to yield 7½%.
The Russian government holds a majority stake in VTB, a Moscow-based retail and commercial bank.
| Issuer: | VTB Bank
|
| Issue: | Retap of 7½% notes
|
| Amount: | CHF 300 million
|
| Maturity: | 2011
|
| Coupon: | 7½%
|
| Price: | Par
|
| Yield: | 7½%
|
| Pricing date: | July 30
|
| Ratings: | Moody's A2
|
| Standard & Poor's: BBB+
|
| Fitch: BBB+
|
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