VTB satisfies hot Czech koruna demand with debut print

By Craig McGlashan
17 Oct 2013

VTB Bank took advantage of Czech investors’ hunger for diversification this week to become the first Russian credit to print in Czech koruna. The issuer joins a series of other emerging market names to debut in the currency this year.

Société Générale placed a Ck582m ($30.9m) three year loan participation note for VTB on Tuesday and increased it by Ck18m a day later. Priced at par, it pays a coupon of three month Pribor plus 196bp.

VTB’s Irish subsidiary VTB Eurasia will issue the note and on-lend ...

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