VTB Capital plc enters international steam coal market

27 February 2009

VTB Capital plc (London) - part of VTB Capital, became an official Market Member of globalCOAL – the world's premier marketplace facilitator for trading coal and coal related services, information and instruments. By entering the market as an observer, VTB Capital established its intentions of active development of market risk management operations on the steam coal market.

Membership in the globalCoal gives VTB Capital access to the Pacific region of the coal market. This allows VTB Capital to add the third of the most popular coal market term instruments - FOB Newcastle index to the already quoted Atlantic region API2 and API4 indices. This stipulates the presence of VTB Capital in all of the important coal regions of the world and positions VTB Capital among the market participants on the international coal market.

“Entering the international coal market is an essential part of VTB Capital global commodities business development, - Sergey Timokhovitch, Global Head of Commodities, VTB Capital, said. – The products we deliver today possess particular actuality in terms of high volatility on financial market and are in a huge demand of Russian and international investors that seek effective risk management. We consistently extend our instruments portfolio to deliver the full range of services of international standards to our clients”.

For reference:

VTB Capital (www.vtbcapital.com), the Investment Business of VTB Group, focuses on arranging operations in the debt, equity, global commodities markets, developing private investments, asset management, advising clients on M&A and ECM deals in Russia and abroad. VTB Capital operates in Moscow, London and Singapore with headquarters in Moscow. We  aim to provide our clients with products and services of the highest quality and to find new solutions corresponding to substandard terms of contemporary market.

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Head of Press
Natalia Cherepova
Corporate Communications VTB Capital