VTB and Votorantim seize opportunities amid quiet market
Russia’s VTB Bank took advantage of a quiet market to print a seven year senior unsecured benchmark in dollars late on Thursday, the first deal from the borrower this year. The deal followed a five year trade from Brazil’s Banco Votorantim on Monday.
The lead managers on VTBs trade, Goldman Sachs, JPMorgan and VTB Capital, priced the $750m 6.315% deal due 22 February, 2018 in line with final guidance of 305bp over mid-swaps just before the close of the New York trading session.
The leads revised guidance to that figure on
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