VTB first Russian bank to sell domestic equity-linkers
VTB has sold the first equity-linked notes by a Russian bank in the domestic market — and plans to use other structures, including commodity and interest rate-linked notes.
The bank’s Rb5bn ($154.6m) three-year bonds, issued via VTB Capital Finance, pay a fixed rate coupon of 0.1% with an additional pick-up linked to the growth of Russia's benchmark equity index, the Micex. Sold publically from June 1-6,
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