Russia's VTB Bank calls $750 million 6.315% loan participation notes

By Susanna Moon

Chicago, Jan. 12 - VTB Bank said it decided to exercise the call option on $750 million of 6.315% subordinated loan participation notes due 2015.

The redemption date is Feb. 4.

The bank said it received consent from the Central Bank of the Russian Federation.

The notes were issued in February 2005 by VTB Capital SA to fund a subordinated loan to VTB Bank.

The Russian government holds a majority stake in VTB, a Moscow-based retail and commercial bank.

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