VTBR.L Regulatory News (VTBR)

26 Oct 2007 17:39

JSC VTB Bank26 October 2007 October 26, 2007 NOT FOR PUBLIC DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTOTHE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE RUSSIAN FEDERATION. JSC VTB Bank launches its Eurobond issue On October 25, 2007, JSC VTB Bank priced the double-trancheEurobond offering for the aggregate amount of US dollars 2 billionwithin the new Programme for the Issuance of LPNs. This operation isthe largest international market Eurobonds issuance by a Russian nonsovereign borrower. The fixed rate tranche of US dollars 1,2 billion is for 5 years tenorwith the interest rate of 6.609% per annum. The 2 years floating US dollars 800million tranche has the interest rate of LIBOR + 170 b.p. per annum. TheEurobonds were issued by VTB Capital S.A., Luxembourg, at nominal value; the bonds will be listed on the Irish Stock Exchange. Deutsche Bank and JP Morgan are JLMs of the issues. The Eurobond offering received interest from foreign investors in abroad range of geographic markets. Given the current financial marketscondition, the high demand for VTB's obligations from the foreigninvestors proves the international community's confidence in the VTB group. This document does not constitute or form part of any offer orinvitation to sell or issue, or any solicitation of any offer topurchase or subscribe for, any securities of VTB, nor shall any partof it nor the fact of its distribution form part of or be relied on inconnection with any contract or investment decision relating thereto,nor does it constitute a recommendation regarding the securities of VTB. This document is not for distribution, directly or indirectly, in orinto the United States (including its territories and dependencies,any State of the United States and the District of Columbia),Australia, Canada, Japan or the Russian Federation. This document isnot an offer for sale of any securities in the United States.Securities may not be offered or sold in the United States absentregistration or an exemption from registration under the U.S.Securities Act of 1933. These Notes have not been, and will not be, registered under theUnited States Securities Act of 1933, as amended ("Securities Act")and subject to certain exceptions, may not be offered or sold withinthe United States or to, or for the account or benefit of a "U.S.Person" (within the meaning of Regulation S under the Securities Act,as amended "Regulations S"). The Notes will be offered and sold only(A) outside the United States to non-U.S. Persons in Compliance withRegulation S; or (B) to U.S. Persons who: (1) are "QualifiedInstitutional Buyers" (within the meaning of Rule 144A under theSecurities Act ("Rule 144A")) in reliance on the exemption from theregistration requirements provided by Rule 144A under the SecuritiesAct and (2) are "Qualified Purchasers" (within the meaning ofsection 3(c)(7) of the Investment Company Act of 1940, as amended).Any failure to comply with this restriction may constitute aviolation of U.S. securities laws. This communication is being distributed to and is directed only at(i) persons who are outside the United Kingdom or (ii) persons whohave professional experience in matters relating to investmentsfalling within Article 19(5) of the Financial Services and Markets Act2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high networth entities, and other persons to whom it may lawfully becommunicated, falling within Article 49(2) (a) to (d) of the Order(all such persons together being referred to as "relevant persons").Any investment activity to which this communication relates will onlybe available to and will only be engaged with, relevant persons. Anyperson who is not a relevant person should not act or rely on thisdocument or any of its contents. This document is an advertisement for purposes of applicable measuresimplementing Directive 2003/71/EC. This announcement is not a public offer or advertisement of securitiesin the Russian Federation, and is not an offer, or an invitation tomake offers, to purchase any securities in the Russian Federation. -ends- Enquiries: VTB Tel: +7 (495) 739 77 99Nataly Loginova e-mail: InvestorRelations@vtb.ruElena ErshovaIrina Mokeeva NOTES TO EDITORSAbout VTB VTB is a leading Russian universal banking group offering a wide range ofbanking services and products across Russia, certain CIS countries and selectedcountries in Western Europe, Asia and Africa. VTB is focused on providingbanking products and services to Russian and CIS clients through its domesticand foreign operations and to foreign clients doing business primarily relatedto, or in, Russia and the CIS through its foreign banking subsidiaries andrepresentative offices. END This information is provided by RNS The company news service from the London Stock Exchange