Published: March 25, 2013
Bank becomes first Russian institution to run a US domestic bond offering.
VTB Capital has become the first Russian investment bank to participate in a US domestic bond offering. The bank acted as senior co-manager of the Bank of America Corporation’s US$4bn offering last week.
The offering, part of Bank of America’s domestic medium-term note programme, consisted of four tranches – two new issues set to mature in 2016 and 2018, and two taps of existing bonds set to mature in 2018 and 2023.
VTB Capital has had a presence in the US since April 2012, when it opened its New York office.