VTB to place 10yr Eurobonds in dollars, yield guidance comes to around 7.25%

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VTB to place 10yr Eurobonds in dollars, yield guidance comes to around 7.25% - source

MOSCOW. Oct 4 (Interfax) - VTB plans to place dollar-based 10-year Eurobonds, a source on the financial market told Interfax.

The yield guidance comes to around 7.2%, the source said.

The bank plans to place subordinated Eurobonds. The bonds will be included among second tier capital.

The placement should take place in week. The issue will be a benchmark.

The placement organizers are Barclays, Bank of America Merill Lynch, Societe Generale CIB, and VTB Capital.