VTB sets sights on Sing dollars and sukuk this year

VTB, a Russian bank that has worked hard to expand its funding sources over the last few years, is not yet done with diversification. Not only is it planning to tap the Singapore dollar market before the summer holiday period in order to push out its curve in that maturity, but it also has plans to place a deal in Swiss francs and to showcase the possibilities for Russian issuers in the sukuk market before the end of the year.