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Published on 7/15/2010 in the Prospect News Emerging Markets Daily.

New Issue: Russia's VTB sells CHF 300 million 4% notes due 2013 at Treasuries plus 315.5 bps

By Christine Van Dusen

Atlanta, July 15 - Russia's VTB Bank priced CHF 300 million 4% notes due 2013 at par on Tuesday to yield Treasuries plus 315.5 basis points, a market source said Thursday.

VTB Capital and BNP Paribas were the bookrunners for the deal.

VTB is a Moscow-based lender.

Issuer:VTB Bank
Issue:Notes
Amount:CHF 300 million
Maturity:2013
Bookrunners:VTB Capital, BNP Paribas
Coupon:4%
Price:Par
Yield:4%
Spread:Treasuries plus 315.5 bps
Trade date:July 13
Ratings:Moody's: Baa1
Standard & Poor's: BBB
Fitch: BBB

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