Russia's VTB Bank taps bookrunners for three-year renminbi notes

By Christine Van Dusen

Atlanta, Dec. 9 - Russia-based VTB Bank has mandated HSBC and VTB Capital as bookrunners for a renminbi-denominated issue of three-year notes (expected ratings: Baa1/BBB/BBB), a market source said.

A Regulation S transaction is expected to price soon, subject to market conditions.

VTB Bank is a Moscow-based lender.

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