Euromoney magazine has awarded VTB Capital "Deal of the Year" in Central and Eastern Europe and CIS for its work on the secondary public offering (SPO) of VTB Bank.
Euromoney award is one more confirmation of VTB Capital’s key role in the Russian investment banking market.
In April 2013, VTB Capital acted as joint global coordinator and joint bookrunner in the SPO of VTB Bank. The deal, worth RUB 102.5bn through the issuance of 2.5 trillion new ordinary shares, saw the Russian state's share in the bank fall from 75.5% to 60.93%. The transaction was carried out at 100% on the Russian market, which is unprecedented for the country’s economy.
Alexei Mitrofanov, Head of Financial Institutions at VTB Capital, said: “We are proud of our participation in the SPO of VTB Bank, which was one of the most important and sizable capital market transactions in 2013. The transaction highlighted continuing investor interest in quality investment stories in Russia and demonstrated their support of VTB Group strategy and business development.”
Head of Press