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OREANDA-NEWS. August 17, 2010. JSC VTB Bank has successfully placed its CHF400 million issue under its LPN Programme. The initial size of the deal was increased by over 30% from CHF300 million to CHF400 million due to strong investor demand. CHF400 million of 4% Notes due 2013 will be issued at par value by VTB Capital S.A., Luxembourg. The Notes will be listed on the Swiss Stock Exchange. BNP Paribas and VTB Capital plc are the Joint Lead Managers of the issue, reported the press-centre of VTB Bank.

Deputy Chairman and CFO of JSC VTB Bank Herbert Moos said: “International recognition of VTB’s name and credit allows us to issue debt instruments on different markets globally. The issue enjoyed strong investor appetite for VTB as a high quality Russian state controlled borrower despite its ambitious pricing in the current market. VTB has the strong intention to further diversify its international borrowing and expand its investor base for debt securities by issuing in various markets and in different currencies.”