By Christine Van Dusen
Atlanta, July 30 - Russia's VTB Bank priced S$400 million 4.2% loan participation notes due 2012 via OCBC and VTB Capital, according to a company press release.
The initial size of the deal was S$100 million.
"Despite the announced ambitious pricing level, the transaction generated strong investor interest," said deputy chairman and chief financial officer Herbert Moos in a written statement. "Asian markets are interesting for VTB for the diversification of its funding sources."
Investors from Singapore, Hong Kong, other Asia-Pacific countries and Europe participated in the transaction, he said.
VTB is a Moscow-based lender.
| Issuer: | VTB Bank
|
| Amount: | S$400 million
|
| Maturity: | 2012
|
| Description: | Loan participation notes
|
| Bookrunners: | OCBC, VTB Capital
|
| Coupon: | 4.2%
|
| Trade date: | July 29
|
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