Support The Moscow Times!

VTB Places $317M Bond

VTB raised 400 million Singapore dollars ($316.7 million) via a three-year Eurobond, a banking source said Friday.

The source said that the yield was at 4 percent, in line with initial guidance.

Last year, the state-controlled lender sold 300 million Singapore dollars in a three-year Eurobond at 3.4 percent. VTB first tapped the Singapore market in 2010, selling a two-year bond worth 400 million Singapore dollars with a 4.2 percent yield. The bank also has debt in Chinese yuan, Swiss francs, U.S. dollars, euros and rubles.


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.

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.