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Prospect News home > News index > List of issuers Tenders > Headlines for 2010 > News item
Published on 8/20/2010 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Russia's VTB North-West elects not to redeem 6.2% loan notes due 2015

By Devika Patel

Knoxville, Tenn., Aug. 20 - Russia's Bank VTB North-West said it will not redeem its $400 million in 6.2% loan participation notes due 2015 on the call date of Oct. 1.

The St. Petersburg-based bank believes that it is in the best interests of its shareholders and that the appropriate balance of constituent interests is served by not calling the notes.


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