Published: March 14, 2013
Bank receives largest syndicated deal for a Russian financial institution in two years.
Russia’s VTB Bank has signed a three-year US$2bn syndicated loan, the largest such deal for a Russian bank since 2011.
The deal was priced with a margin of 150 basis points over LIBOR.
Arrangers and bookrunners in the syndicate are Banc of America Securities, Bank of China, Bank of Tokyo-Mitsubishi, Barclays, BNP Paribas, China Construction Bank, Citi, HSBC, JP Morgan, Mizuho, Société Générale, Sumitomo Mitsui Banking Corporation and Wells Fargo.
Bank of New York Mellon acted as lead arranger.