VTB adding Sfr100m to Swissie
VTB Bank is tapping a August 2013 issue for Sfr100m, following a Sfr300m initial tranche that was priced on July 7.
Bookrunners BNP Paribas and VTB Capital have given price guidance of the 314bp over mid-swaps area, which is tighter than the initial tranche, which came at 315.5bp over swaps. The initial tranche has been offered at 286bp over mid-swaps, meaning a yield of 3.82%, but with little trading ...
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