A total of $750 million in bonds were issued with repayment deadline in February 2015 at an interest rate of 6.315%.
VTB Capital S.A. issued the Eurobonds. The income from the issue was used for financing a subordinated credit to Vneshtorgbank, which Fitch rates as BBB- in long term perspectives, F3 in the short term, C/D in the individual and 2 in terms of support.
Vneshtorgbank announced the distribution of the loan on February 7, 2005. According to a press release received by RIA Novosti, Barclays Capital, Deutsche Bank, HSBC and JP Morgan acted as the leading organizers. As many as 116 investors participated in the floating, with the bulk of the issue having been purchased by European investors.
Vneshtorgbank was founded in 1990 and is Russia's second largest bank in terms of the size of its own financial resources and assets. The bank's consolidated assets amounted to $14 billion 2004's third quarter end.
