New Issue: Russia's VTB prices S$300 million 3.4% notes due 2014 at par

By Christine Van Dusen

Atlanta, May 26 - Russia's VTB Capital SA priced S$300 million notes due June 6, 2014 (Baa1/BBB/BBB) at par to yield 3.4%, a market source said.

The notes priced in the middle of price talk, which was set at 3.3% to 3½%.

OCBC and VTB Capital were the bookrunners for the notes, which are guaranteed by Moscow-based lender JSC VTB Bank.

Issuer:	VTB Capital SA
Guarantor:	JSC VTB Bank
Amount:	S$300 million
Maturity:	June 6, 2014
Description:	Senior notes
Bookrunners:	OCBC, VTB Capital
Coupon:	3.4%
Price:	Par
Yield:	3.4%
Trade date:	May 26
Settlement date:	June 6
Ratings:	Moody's: Baa1
	Standard & Poor's: BBB
	Fitch: BBB
Price talk:	3.3% to 3½%

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