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Russia-based VTB Bank's two-tranche dollar notes whispered to yield mid-swaps plus 400 bps area
By Christine Van Dusen
Atlanta, Oct. 4 - Both tranches in Russia-based VTB Bank's planned offering of dollar-denominated notes due 2015 and 2020 are being whispered at a yield in the mid-swaps plus 400 basis points area, a market source said Monday.
Citigroup, Deutsche Bank and VTB Capital are the bookrunners for the Rule 144A and Regulation S offering of senior unsecured loan participation notes.
VTB is a Moscow-based lender.
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