VTB prices $1.5bn five year from $6.5bn book

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VTB prices $1.5bn five year from $6.5bn book

VTB Bank priced its new $1.5bn five year dollar bond at par with a 6% coupon last night, from a book of $6.5bn — huge demand for a single tranche, compared with other Russian financial institution bonds. Citi, ING and VTB arranged the note.

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