VTB 24 is making preparations to issue four series of exchange traded bonds for a total of Rub 30 bln. The bank’s supervisory board adopted a decision to place the bonds, Prime-TASS wired.
1- and 2-series bonds will total 5 mln bonds each, while 3- and 4-bonded loans will equal 10 mln each. The par value of a bond is Rub 1,000.00. The bonds will be floated via open subscription and redeemed in three years. However, the bond issue terms include the possibility of a put option at the request of bondholders.
At the moment VTB 24 holds eight outstanding bond issues with a total par value of Rub 50 bln.
