Support The Moscow Times!

VTB Mulls Franc Bond

VTB has been in talks with investors in Switzerland and is studying the possibility of tapping international debt markets with a Swiss franc bond issue, a banking source said Thursday.

"Now they are looking at the market to see whether there is a reason to place an issue," he added.

The bond would carry a maturity of four years, and the yield guidance would be set at about 5 percent, the source said. The new deal may follow Gazprom's and Alrosa's plans to tap the markets with Eurocommercial paper issues.

(Reuters)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.