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Published on 7/7/2009 in the Prospect News Emerging Markets Daily.

Russia's VTB Capital plans minimum CHF 150 million of two-year bonds

By Aaron Hochman-Zimmerman

New York, July 7 - VTB Capital SA plans to price an offering of at least CHF 150 million of two-year bonds (Baa1/BBB/BBB), according to a market source.

The sale is talked at a 7½% coupon and a spread of mid-swaps plus 675 basis points, the source added.

BNP Paribas and VTB Capital will act as bookrunners for the deal.

VTB is a Moscow-based government-run commercial and retail lender.


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