By Christine Van Dusen
Atlanta, Oct. 17 - Russia's VTB Bank sold RMB 1 billion three-year notes (expected ratings: Baa1/BBB/BBB) at par to yield 4½%, a market source said.
BNP Paribas and VTB Capital were the bookrunners for the Regulation S deal.
Proceeds will be used for general corporate purposes.
VTB is a Moscow-based lender.
| Issuer: | VTB Bank
|
| Amount: | RMB 1 billion
|
| Maturity: | Oct. 30, 2015
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas, VTB Capital
|
| Coupon: | 4½%
|
| Price: | Par
|
| Yield: | 4½%
|
| Trade date: | Oct. 17
|
| Settlement date: | Oct. 30
|
| Expected ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
| Distribution: | Regulation S
|
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