Published on 5/26/2011 in the Prospect News Emerging Markets Daily.
New Issue: Russia's VTB prices S$300 million 3.4% notes due 2014 at par
By Christine Van Dusen
Atlanta, May 26 - Russia's VTB Capital SA priced S$300 million notes due June 6, 2014 (Baa1/BBB/BBB) at par to yield 3.4%, a market source said.
The notes priced in the middle of price talk, which was set at 3.3% to 3½%.
OCBC and VTB Capital were the bookrunners for the notes, which are guaranteed by Moscow-based lender JSC VTB Bank.
Issuer: | VTB Capital SA
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Guarantor: | JSC VTB Bank
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Amount: | S$300 million
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Maturity: | June 6, 2014
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Description: | Senior notes
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Bookrunners: | OCBC, VTB Capital
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Coupon: | 3.4%
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Price: | Par
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Yield: | 3.4%
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Trade date: | May 26
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Settlement date: | June 6
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Ratings: | Moody's: Baa1
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| Standard & Poor's: BBB
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| Fitch: BBB
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Price talk: | 3.3% to 3½%
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