Corporate Communications

VTB Capital places Turkish Lira 300 million ($170 million) bond issue

7 February 2013

VTB Capital plc has successfully issued a two-year, TL 300 million ($170m) bond in Turkey, with a semi-annual coupon of 3.89%.

The bookrunner of the new issue was Garantibank. The bonds were placed on the Istanbul Stock Exchange for qualified investors.

This is the second Turkish Lira issue for VTB Capital. In April 2012 the bank successfully placed a three-year TL 300 million bond issue, becoming the first foreign entity to issue a local currency bond for the Turkish market.

Atanas Bostandjiev, CEO, UK and International of VTB Capital, commented: "VTB Capital sees great opportunity in Turkey and has led the way as the first foreign entity to issue a Turkish Lira bond for the local market. This latest placement is an important part of our expansion strategy and shows our ongoing commitment to the market as well as our belief in the strength and depth of the Turkish capital markets.”

Makram Abboud, CEO Middle East & Africa for VTB Capital plc, said: "VTB Capital continues to actively develop its business in Turkey and is constantly expanding its range of investment banking services in the region. In 2012, we made several high profile hires and have built a very strong Turkey origination and coverage team that is providing leading investment banking services in Turkey. This latest Turkish Lira issuance by VTB Capital reaffirms our belief in the sophistication of Turkish institutional investors and the deepening of the local capital markets.”

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