On 1 June 2005, Vneshtorgbank distributed the sixth issue of eurobonds worth US$1 billion. Eurobonds were issued under the medium-term debt instrument program by VTB Capital S.A., Luxembourg, for the total amount of US$3 billion and were distributed at par with a thirty-year maturity. Bondholders are entitled to an early redemption after 10 year (put option). The issue coupon rate is 6.25%. Eurobonds shall be listed at the Luxembourg Stock Exchange.
This issue has hit a record for Russian financial institutions in terms of its maturity. Eurobonds are issued under RegS/144А Standard, which enables placing securities in Europe and Asia, as well as in the USA.
The issue placement was arranged by Deutsche Bank Securities Inc.
For reference: Under the Medium Term Debt Instrument Program totaling US$3 billion, Vneshtorgbank has already distributed five issues of eurobonds of VTB Capital S.A., Luxembourg, namely: