Russia’s VTB Bank has placed $1.75 billion in floating rate notes at a LIBOR+0.6%, three-month rate. So said a source close to lead managers. Demand exceeded $3.5b, with 50% of the issue bought out by American investors. The Eurobonds have a 21-month maturity. BARCLAYS CAPITAL, DEUTSCHE BANK and JP MORGAN arranged the deal.
Source: KOMMERSANT, October 30, 2006
