4 September 2012
VTB Bank has successfully launched its BO-08 series exchange-traded bonds with a total face value of 10 billion roubles. The bid book was opened on August 29, 2012 at a coupon range of 7.90%-8.15%.
The issue will mature in three years, with a put date in one year. Forty bids were submitted, with a range of coupon rates from 7.70% — 8.15% per annum. The bank eventually set the first coupon rate at 7.95% per annum based on the results of the book building.
VTB Capital is the organiser of the issue, with ICB Sovcombank and UniCredit Bank acting as co-organisers, and Bank Credit Suisse (Moscow), the Royal Bank of Scotland (Russian unit), MTS Bank, Natixis Bank (Russian unit), Nomos Bank, Raiffeisenbank (Russian unit), Ronin (Russian unit) and TCB Capital acting as underwriters.
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