VTB's Eurobonds Placement

The second largest Russian state bank VTB mede additional placement of three-year Eurobonds in Swiss francs,  IFR reported.
The main issue was placed in the middle of July 2010 in the amount of 300 million of Swiss francs with a coupon rate of 4.0 per cent per annum.
IFR wrote citing bankers close to the deal, that since the market situation has changed somewhat, with the additional offering yield could reach 3.14 percent.
VTB Capital and BNP Paribas - the lead-managers of the transaction.
In late July, VTB has placed eurobonds on 400 million Singapore dollars with repayment of 11 August 2012 with a coupon rate of 4.2 percent per annum.
VTB's borrowing program in 2010 is limited to $ 5 billion. In February this year the bank has posted a five-year Eurobonds for $ 1.25 billion.
In its policy of borrowing this year, the bank promised to give priority to debt instruments in the markets of Asia and the Middle East.