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Prospect News home > News index > List of issuers V > Headlines for VTB-Leasing > News item
Published on 6/17/2009 in the Prospect News Emerging Markets Daily.

Fitch rates VTB-Leasing bonds BBB

Fitch Ratings said it assigned long-term BBB ratings to VTB-Leasing Finance's RUB 5 billion of 14% series 03 and RUB 5 billion of 14% series 04 bonds due June 2016.

The bonds have a put option at par on June 2010. The bonds benefit from a guarantee from parent company JSC VTB-Leasing (BBB/negative) in the form of an irrevocable public offer. Proceeds will be used to finance a loan to JSC VTB-Leasing.


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