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The Asset: Logan Property gets VTB Capital for bond issue

10 December 2014

VTB Capital has been mandated as a joint bookrunner on the placement of US$250 million Reg-S high-yield bond issue for Logan Property, to be listed on Hong Kong Stock Exchange and priced with a coupon of 9.75% with three year maturity.

VTB Capital joins other investment banks, including Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC and J.P. Morgan, in the issuance. 
Andrey Solovyev, Global Head of DCM at VTB Capital, said: "This is the second VTB Capital transaction for Logan Property Holdings. In May, we participated in the company's US$300 million high-yield bond, and in recent months, we have implemented a number of other transactions for Chinese companies". 
VTB Capital, the investment business of VTB Group, is one of the three strategic business arms of VTB Group, along with the corporate and retail businesses. Since its foundation in 2008, VTB Capital has taken part in more than 500 ECM and DCM deals, which were instrumental in attracting more than US$200 billion worth of investments to Russia and CIS.

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