17 Oct 2012 15:19
NOT FOR DISTRIBUTION OR PUBLICATION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
VTB announces pricing of Chinese Yuan 1 billion issue of Eurobonds
17 October 2012
On October 17, 2012, JSC VTB Bank ("VTB") priced a Eurobond offering of Chinese Yuan (CNY) 1 billion 4.5% Notes due 2015 (the "Notes") to be issued under its Programme No.2 for the Issuance of Loan Participation Notes for the sole purpose of funding a loan to VTB ("the Offering"). This was a second transaction for VTB in this local market, and received a strong reception from Asian investors, who accounted for approximately 85% of the issuance with the order book oversubscribed by 1.5 times.
BNP Paribas and VTB Capital plc are the Joint Lead Managers for the issue. The Notes will be addmitted to trading on the Irish Stock Exchange.
Deputy Chairman and CFO of JSC VTB Bank Herbert Moos said:
"This transaction underpins the availability of the CNY market and positive perception that VTB has generated across local Asian currency markets consistent with our debt diversification strategy. The transaction has been priced through our USD secondary curve which comes in line with our plans to optimize the costs of liabilities."
These materials are not an offer for sale of securities in the United States. Securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or an exemption from registration under the Securities Act. The issuer has not registered and does not intend to register any part of the offering in the United States or to conduct a public offering of any securities in the United States.
This document is an advertisement for the purposes of applicable measures implementing Directive 2003/71/EC (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive, the "Prospectus Directive"). A prospectus prepared pursuant to the Prospectus Directive will be published, which when available can be obtained from Citibank, N.A. at Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB.
This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Any Notes will only be available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such Notes will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
Information contained in this document is not an offer, or an invitation to make offers, sell, purchase, exchange or transfer any securities in the Russian Federation or to or for the benefit of any Russian person, and does not constitute an advertisement or offering to non-qualified investors of any securities in the Russian Federation. The securities have not been and will not be registered in the Russian Federation or admitted to public placement and/or public circulation in the Russian Federation. The securities are not intended for "placement" or "circulation" in the Russian Federation unless and to the extent permitted under Russian law.