Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

VTB to Top Up Bond

VTB has opened the books to top up its $1 billion perpetual eurobond issue, which will help it support lending growth, three banking sources said.

The top-up will be "of a benchmark size," which starts from $500 million for names such as VTB, two of the sources said. The third source said that books are already covered for a minimum of $500 million. VTB declined to comment.

VTB, in which the state owns a 75.5 percent stake, raised $1 billion with a perpetual bond this summer in the first deal of its kind in Russia to boost its Tier 1 capital adequacy ratio, which stood at 8.9 percent at the end of June.


Related articles:

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more