VTB seals US$2bn loan

VTB seals US$2bn loan

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.