VTB Bank OAO Announces CNY 1 Billion Debt Issue
VTB Bank OAO announced that it has priced an additional issuance of CNY 1 billion 4.5% Notes due 2015 to be issued under its Programme No.2 for the Issuance of Loan Participation Notes for the sole purpose of funding a loan to VTB. The new notes are additional to, and will be consolidated and form a single series with its CNY 1.0 billion 4.5% Notes due 2015 previously issued in October 2012. The issue of new notes was priced at a yield of 3.8% per annum. HSBC and VTB Capital plc are the Joint Lead Managers for the issue.
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