Corporate Communications

VTB Capital has successfully placed ALROSA Eurobond issue

29 October 2010

VTB Capital has successfully placed ALROSA Eurobond issue worth USD 1bn. The tenor is 10 years, with the coupon of 7.75% per annum.

Investors from the USA (30%), Continental Europe (28%), Great Britain (20%), Russia (16%) took part in the bookbuilding. The demand was driven by Asset Managers (60%) and banks (20%).

Andrey Solovyev, Global Head of DCM at VTB Capital, said: “The books were oversubscribed almost twice, allowing us to place within the indicative range, despite the weak market”.


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