VTB sets 7.6% yield on exchange bonds
MOSCOW. March 18 (Interfax) - VTB has set coupon yield in 20 billion rubles in series 1, 2 and 5 exchange bonds at 7.6% p.a., the bank said in statements.
VTB on March 17 reduced guidance on three series of exchange bonds to 7.6%-7.9% from the initially announced 7.8%-8.5%.
VTB opened the bid book for its BO-01 and BO-02 series (5 billion rubles each) and BO-05 (10 billion) on March 9 and it wad due to close on Wednesday at 3:00 p.m. Moscow time. Placement on the MICEX is slated for March 19.
There will be no put option on the three-year bonds.
The MICEX approved for placement without listing procedures seven issues of 3-year VTB bonds totaling 50 billion rubles on February 5.
The bonds carry 12 quarterly coupons. Each bond has 1,000-ruble face value, and placement will be in open subscription on the MICEX.
VTB currently has two bond issues in circulation: series 5 and 6, of 15 billion rubles each. The series-5 bonds were placed in October of 2008 and series-6 in July 2006.
VTB ended 2009 in 2nd place by assets on the Interfax-100 ranking of Russia's biggest banks.