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Bloomberg: Russia’s VTB Capital Hired as Manager for Chinese Property Bond

29 July 2014
Russian investment bank said it was hired as joint lead manager and bookrunner for $125m high-yield bond for China’s Redco Properties Group Ltd, according to e- mailed statement.
Bond will be listed on Hong Kong Stock Exchange and priced with a coupon of 13.75% and a 5yr maturity. VTB said other organizers include Morgan Stanley, ICBC International. VTB Capital said Redco is its third bond placement for Chinese issuers since May.

VTB Capital

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