The three-year bonds, with a quarterly coupon and floating interest rates, are placed on their nominal value. The rates are at the LIBOR level plus 2.9% annual interest.
Leading issuance efforts were the Barclays Capital, HSBC and ING banks.
The bonds are on a two billion dollar VTB medium-term loan programme. Two issues were made toward last year's end and at this year's start-among them five-year fixed coupon rate Eurobonds to a lump $550 million, and one-year floating interest rate Eurobonds to $325 million.
The Vneshtorgbank has an immaculate reputation and high credit ratings, so the transaction is great success despite current instability in Russian banking, the press release proudly points out.
The Moody's Investors Service international rating agency gave the latest Eurobond issue a preliminary investment category estimation of Baa3, and the Fitch Ratings and Standard & Poors BB+. The Russian sovereign rating is the same.
