OREANDA-NEWS. JSC VTB Bank priced the double-tranche Eurobond offering for the aggregate amount of US dollars 2 billion within the new Programme for the Issuance of LPNs. This operation is the largest international market Eurobonds issuance by a Russian non sovereign borrower.

The fixed rate tranche of  US dollars 1,2 billion is for 5 years tenor with the interest rate of 6.609% per annum. The 2 years floating  US dollars 800 million tranche has the interest rate of LIBOR + 170 b.p. per annum. The Eurobonds were issued by VTB Capital S.A., Luxembourg, at nominal value; the bonds will be listed on the Irish Stock Exchange. Deutsche Bank and JP Morgan are JLMs of the issues.

The Eurobond offering received interest from foreign investors in a broad range of geographic markets. Given the current financial markets condition, the high demand for VTB’s obligations from the foreign investors proves the international community’s confidence in the VTB group.