New Issue: Russia's VTB prices CHF 300 million 2.9% notes due 2018 at par

By Christine Van Dusen

Atlanta, Oct. 21 - Russia's OJSC VTB Bank priced CHF 300 million 2.9% notes due May 25, 2018 at par to yield 2.9%, a market source said.

The notes were talked at a spread in the mid-swaps plus 240 bps area before VTB revised guidance to a yield of 2.9% to 2.95%.

Credit Suisse, Commerzbank and VTB Capital were the bookrunners for the deal.

VTB is a Moscow-based lender.

Issuer:	OJSC VTB Bank
Amount:	CHF 300 million
Maturity:	May 25, 2018
Description:	Notes
Bookrunners:	Credit Suisse, Commerzbank, VTB Capital
Coupon:	2.9%
Price:	Par
Yield:	2.9%
Trade date:	Oct. 22
Settlement date:	Oct. 25
Price talk:	2.9% to 2.95%

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