By Christine Van Dusen
Atlanta, July 27 - Russia-based JSC VTB Bank's recent $1 billion issue of perpetual notes priced at par to yield 9½%, according to a company announcement.
The notes priced at the low end of talk, set at 9½% to 9¾%.
Citigroup, UBS and VTB Capital were the bookrunners for the Rule 144A and Regulation S deal.
VTB is a Moscow-based lender.
| Issuer: | JSC VTB Bank
|
| Amount: | $1 billion
|
| Maturity: | Perpetual
|
| Description: | Notes
|
| Bookrunners: | Citigroup, UBS, VTB Capital
|
| Coupon: | 9½%
|
| Price: | Par
|
| Yield: | 9½%
|
| Trade date: | July 26
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 9½% to 9¾%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
