VTB Group has become an arranger and underwriter of OJSC Rosselkhozbank bond issue (series 05).
The issue was placed in full. The 1-6 coupon rate was set at 13.5% p.a. that is equal to the effective yield to a 3-year offer amounted to 13.96% p.a.
Total amount of the issue was RUB 10 billion to mature in 3 640 days (10 years). The National Depositary Centre participated as a paying agent and depository of the bonds.
For reference: VTB Group is a leading Russian financial group with a strong tradition in Russia and the CIS, and a presence in 17 countries around the world. The Russian Government is VTB's majority shareholder, with a 77.5% holding. The remaining 22.5% of the shares are traded on the RTS and MICEX in Russia, and VTB's global depositary receipts are traded on the London Stock Exchange. VTB offers a wide range of services in corporate, retail and investment banking in Russia, some other CIS states and a number of countries in Western Europe, Asia and Africa. As of 1 July 2008, VTB was the second largest financial group in Russia by assets (USD 108.8 billion) and by customer accounts (USD 44.6 billion). VTB Group is among the top three national retail banks with a network of 1001 outlets in Russia and the CIS. In 2008, VTB launched its Investment Banking business, which operates from Moscow, London and Singapore offices.
VTB Group Investment Business (www.vtbcapital.ru) has offices in Moscow, London and Singapore. It focuses on arranging operations in debt and equity markets, developing private investment, as well as operations on the global commodities markets and asset management, advising customers on ECM and M&A deals in Russia and abroad. We seek to offer our customers high-profile products and services, and find new solutions to meet the challenging environment of the current market.