Debt Capital Markets

VTB Capital is the #1 DCM house in Russia and CIS dominating the DCM league tables compiled by Bloomberg, Dealogic, Refinitiv as well as other independent agencies.
RUSSIA MARKET SHARE, according to Dealogic 1H 2021.
Some noteworthy recent transactions include:
  • Switzerland’s first International, Green, Hybrid CHF bond arranged by VTB Capital for Russian Railways as a Lead Manager and Rating Advisor

  • New Eurobonds tender and issue ESG-certified Social Bonds for Russian Railways and Sovcombank

  • Eurobond issues for many Russian and CIS Corporates including: Gazprom, Sovcomflot, Eurasian Development Bank, Nornickel, GTLK

  • DCM’s expertise in liability management is demonstrated by transactions completed for: Sovcomflot, KTG, Russian Railways, among others

  • Recent domestic debt issue highlights include: ground-breaking perpetual bonds for Russian Railways (one of which was a RUB 100 bn debut local perpetual green bond), as well as transactions for Gazprom, Alrosa, Uralkali, RUSAL, M.Video-Eldorado Group, Magnit, SUEK, FGC UES, Sistema, PIK Group, TMK, Global Ports, Headhunter, etc.

  • VTB Capital’s local ESG deal portfolio expanded further in 2021 with an addition of the inaugural local social bond by MTS

VTB Capital is at the forefront of ESG Finance. Lead managing our first Green Bond in 2018, VTB Capital arranged Russia’s first ever Green Eurobond in 2019 and the first Social Eurobond in 2020 in cooperation with Russian Railways as the early adopter of ESG Finance in Russia. Continuing to expand our ESG experience, VTB Capital lead managed ESG bonds in Construction (Real Estate), Energy, Transportation and Financial Sectors.

Andrey Solovyev
Global Head of Debt Capital Markets
  • + 7 (495) 960 9999
  • +7 (495) 663 8572
>$317 billion
Best Investment Bank
in Emerging Markets
#1 DCM Bookrunner
in Eastern Europe
Recent news
8 Oct
Comments by Andrey Solovyev, Global Head of DCM at VTB Capital, for IFR
11 Mar
Comments by Andrey Solovyev, Global Head of DCM at VTB Capital, for RIA Novosti
11 Mar
Comments by Andrey Solovyev, Global Head of DCM at VTB Capital, for Bloomberg
Largest deals
USD 500 million
Eurobond issue
Joint Bookrunner
USD 550 million
Initial public offering
Joint Global Coordination and Bookrunner
USD 500 million
Lead Manager and Bookrunner
Russian Railways
RUB 10.7 billion
Perpetual Floating Rate Green Local Bond Sale of 100% minus 1 share of Stock Company VRK-2
Financial Advisor
Russian Railways
RUB 100 billion
Perpetual Floating Rate Green Local Bond
Joint Lead Manager
Russian Railways
RUB 25 billion
Social Eurobond
Joint Lead Manager and Bookrunner
Republic of Uzbekistan
USD 555 million
Dual-tranche Eurobond
Joint Lead Manager and Bookrunner
Moscow region
RUB 30 billion
Local Bond
Joint Lead Manager
Highland Gold
GBP 1.1 billion
Acquistion of Highland Gold by Fortiana
Sole Financial Advisor
USD 1 billion
Lead Manager and Bookrunner
Ratings and awards
Best Russia Equity Found over 3&5 years
Golden App 2020
VTB Capital IM Russia Market Fund Top Performing Eastern Europe Fund 3 years
Best Mobile broker app 2019
Leader in PIF inflows 2019
Vladimir Potapov Leadership Coaching Awards
A++ High level of financial strength and reliability
Broker of the year
Качественные инвестиции в инфраструктуру: строительство Восточного выезда из г. Уфы на федеральную трассу M-5 "Урал"
Best retail investor contest

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