VTBR.L Regulatory News (VTBR)

30 Apr 2008 10:43

JSC VTB Bank30 April 2008 30 April 2008 US$ 1,000,000,000 Dual Tranche Syndicated Term Loan Facility The Bank of Tokyo-Mitsubishi UFJ, Ltd., Barclays Capital (the investment bankingdivision of Barclays Bank PLC), BayernLB, BNP Paribas, Citibank, N.A., London,Deutsche Bank AG London Branch, Intesa Sanpaolo Bank Ireland plc, J.P. Morganplc, Mizuho Corporate Bank, Ltd. and Sumitomo Mitsui Banking Corporation EuropeLimited have been mandated as Bookrunners and Initial Mandated Lead Arrangers toarrange a US$ 1,000,000,000 dual tranche syndicated term loan facility for JSCVTB Bank. The facility, which is for general funding purposes, comprises 3-year and18-month elements. The 3-year tranche carries a margin of 65 bps over LIBOR andthe 18 month piece a margin of 60 bps over LIBOR. The 3-year tranche is being provided by the Initial Mandated Lead Arrangers.Other banks and financial institutions will be invited to participate only inthe 18-month tranche which is being offered for syndication. The VTB group was established in 1990 and is a leading Russian universal bankinggroup offering a wide range of banking services and products, including retail,corporate and investment banking services across Russia, certain other CIScountries and a number of countries in Western Europe, Asia and Africa. As at31st December 2007, VTB was the second largest banking group both by assets (US$92.6bn) and deposits (US$ 37.1bn). The Russian Federation, through the Federal Property Agency, is currently VTB'slargest shareholder at 77.5% and is the controlling shareholder of the group.VTB's ordinary shares are traded on the RTS and MICEX in Russia, and its globaldepositary receipts are traded on the London Stock Exchange. VTB has an issuer long-term credit rating in both local and foreign currency of"BBB+", an issuer short-term credit rating in both local and foreign currency of"A-2", a senior unsecured of "BBB+" from Standard & Poor's, a bank depositsrating of "Baa2/Prime-1" and a senior unsecured of "A2" from Moody's InvestorsService, and a long-term issuer default rating in both local and foreigncurrency of "BBB+", a short-term issuer default rating of "F-2" and a seniorunsecured of "BBB+" from Fitch Ratings Ltd. -ends- Enquiries: Investor Relations: Tel.: +7 495 775 71 39 Email: investorrelations@vtb.ru Media Relations: Tel.: +7 495 783 1717 Email: pr1@vtb.ru NOTES TO EDITORS About 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