MOSCOW, July 5 (RIA Novosti) - Vneshtorgbank (VTB), Russia's state-run foreign trade bank, said Wednesday it had placed the first tranche of its mortgage Eurobonds, totaling $74.2 million.
The tranche was placed through open subscription, at a rate of LIBOR+100 basis points, with a term length of 29 years.
The issue was organized by Barclays, HSBC, and International Finance Corporation.
VTB is Russia's second largest bank by assets. The government holds a 99.9% stake.
