Corporate Communications

VTB Capital arranged a placement of $100m ALROSA ECP

18 May 2009
VTB Capital, the Investment Business of VTB Group, announced that it had successfully placed a tranche of $100m 6-month Euro-Commercial Papers of ALROSA among international and local investors. The placement took place within the framework of the ECP Programme of Russia’s largest diamond company. VTB Capital was appointed a dealer under the Programme.

Andrey Solovyev, Global Head of Debt Capital Markets, VTB Capital, said: “This placement in the challenging market environment demonstrates VTB Capital’s strong placement capabilities in both international and domestic capital markets and dedicated client focus. ECP Programme is the project important for ALROSA business development and for the Russian economy in general. We are proud to be chosen as a dealer under this strategic initiative”.
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