Corporate Communications

VTB Capital successfully places RUB 3bn Bank Saint Petersburg bond issue

15 December 2010

On 14 December, the books for RUB 3bn Bank Saint Petersburg bond Issue 4 were successfully closed.

VTB Capital acted as bond issue organizer. Investors were offered a 3-year tenor with a 2-year offer and a coupon of 8.00 – 8.75% per annum. The final coupon was set at 8.50% per annum.

This is the third Bank Saint Petersburg bond placement made by VTB Capital in 2010. This year, VTB Capital has attracted a total of RUB 13bn for Bank Saint Petersburg.

Alexey Konochkin, Deputy Head of DCM at VTB Capital, said: “We worked on this placement in a difficult market. Debt market correction and a high bulk of competing offers complicated our task. However, the expertise and professionalism of the VTB Capital team led to successful closing of the deal”.

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