VTB aims for $1.5bn in its first post-Crimea loan

moscow at night px230
By Michael Turner
26 Jun 2014

VTB has asked banks for a $1.5bn refinancing facility in a deal that is acting as a litmus test for other Russian financial institutions that have debt to refinance before the end of the year.

At least 10 banks have been asked to provide $150m each towards VTB's loan. 

"If VTB signs for $1.5bn we will consider this a success internally," said a senior loans banker.

The loan could also grow in size. VTB has asked each bank to provide the same amount ...

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