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.

(Reuters)

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