Russia's VTB holders consent to amend RUB 30 billion 7¼% notes

By Jennifer Chiou

New York, Dec. 14 - Russia's VTB Bank announced that it obtained consent from holders of all RUB 30 billion of the 7¼% loan participation notes issued by VTB Capital SA.

Specifically, holders consented to the following amendments taking effect on Dec. 20:

• The interest rate will not be subject to an annual reset on Nov. 28, 2011; and

• There will be no put settlement date at the same time next year.

Questions may be directed to Alexander Smolin, managing director/head of debt finance, at (7 495 956 3056).

VTB Bank is a Moscow-based lender.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.