27 May 2016 09:16

VTB considers various funding sources, including local bonds

MOSCOW. May 27 (Interfax) - VTB is considering various sources of funding in 2016, including an offering of local bonds, the Russian state bank told Interfax.

"The dynamic of VTB Bank raising funds will depend on the need for resources to fund active operations and the cost of these resources," the lender's press service said.

The last time VTB placed ruble bonds was in 2014. However, last August VTB, which had actively raised resources on international capital markets prior to the imposition of sanctions, registered a program of exchange-traded bonds totalling up to 1 trillion rubles or the equivalent in foreign currency.