Russia's VTB Bank talks three-year renminbi notes at 4½% area

By Christine Van Dusen

Atlanta, Oct. 16 - Russia's VTB Bank set talk at the 4½% area for a planned issue of renminbi-denominated notes due in October 2015 (expected ratings: Baa1/BBB/BBB), a market source said.

BNP Paribas and VTB Capital are the bookrunners for the Regulation S deal, which is expected to be benchmark-sized.

Proceeds will be used for general corporate purposes.

VTB is a Moscow-based lender.

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