By Christine Van Dusen
Atlanta, Aug. 1 - Russia's VTB Capital SA priced a $500 million tap of its 6% notes due April 12, 2017 (Baa1/BBB/BBB) at 103 to yield 5.267%, or Treasuries plus 470 basis points, a market source said.
The notes priced in line with talk, which was set at the 103 area.
VTB Capital was the bookrunner for the Rule 144A and Regulation S deal.
The original issue totaled $1.5 billion and priced at par on April 4.
VTB Capital is a Moscow-based investment bank.
| Issuer: | VTB Capital SA
|
| Amount: | $500 million
|
| Maturity: | April 12, 2017
|
| Description: | Senior notes
|
| Bookrunners: | VTB Capital
|
| Coupon: | 6%
|
| Price: | 103
|
| Yield: | 5.267%
|
| Spread: | Treasuries plus 470 bps
|
| Trade date: | Aug. 1
|
| Settlement date: | Aug. 10
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 103 area
|
| Original issue: | $1.5 billion priced at par on April 4
|
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