VTB Capital acted as a Senior Co-Manager on the Bank of America Corporation's USD 4bn Domestic Bond Offering, which closed on 22 March 2013. VTB Capital became the first Russian bank to participate in such a transaction.
The four tranche offering was issued pursuant to Bank of America Corporation’s Domestic Medium Term Note Program and consisted of two new issues maturing in 2016 and 2018 and two taps of existing bonds maturing in 2018 and 2023.
Andrey Solovyev, Global Head of DCM at VTB Capital, said: "By taking part in this transaction VTB Capital has once again confirmed its unique position among the Russian banks. We have achieved impressive results in the DCM market in CEE, Russia and CIS – and now in the US. This transaction is a great indication of professionalism of VTB Capital’s team and I am sure that in the future we will keep developing our DCM in the US."
In autumn 2011, The Financial Industry Regulatory Authority (FINRA) approved VTB Capital Inc. as a member broker/dealer firm in the US. VTB Capital’s New York office was opened in April 2012 and has become the main hub for the development of the company’s investment business in the region.
VTB Capital took top spots at the Dealogic FY 2012 league tables, leading in DCM rankings across Central and Eastern Europe – and won seven EMEA Finance Awards for 2012, including Best rouble bond house in CEE. In addition the two deals placed by VTB Capital – VTB Bank's perpetual Tier 1 Eurobond and Brunswick Rail's debut Eurobond offerings – were named by Euromoney magazine as Deals of the Year in Central and Eastern Europe and CIS.
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