By Christine Van Dusen
Atlanta, Feb. 11 - Russia's VTB Capital SA priced $750 million senior notes due Feb. 22, 2018 (Baa1/BBB/BBB) at par to yield 6.315%, or mid-swaps plus 305 basis points, a market source said.
The deal priced tighter than talk, which was set at mid-swaps plus 312.5 bps to 325 bps.
Goldman Sachs, JPMorgan and VTB Capital were the bookrunners for the Rule 144A and Regulation S deal.
VTB Capital is a lender based in Moscow.
| Issuer: | VTB Capital SA
|
| Amount: | $750 million
|
| Maturity: | Feb. 22, 2018
|
| Description: | Senior notes
|
| Bookrunners: | Goldman Sachs, JPMorgan, VTB Capital
|
| Coupon: | 6.315%
|
| Price: | Par
|
| Yield: | 6.315%
|
| Spread: | Mid-swaps plus 305 bps
|
| Trade date: | Feb. 10
|
| Settlement date: | Feb. 22
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Mid-swaps plus 312.5 bps to 325 bps
|
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