Russia's VTB Bank revises talk for 4.5-year Swiss franc notes; pricing expected Tuesday

By Christine Van Dusen

Atlanta, Oct. 22 - Russia's OJSC VTB Bank revised talk to a yield of 2.9% to 2.95% for its upcoming issue of Swiss franc notes due in 4.5 years, a market source said.

Talk for the notes - due May 25, 2018 - was initially set in the mid-swaps plus 240 basis points area.

Credit Suisse, Commerzbank and VTB Capital are the bookrunners for the deal.

Pricing is expected to take place on Tuesday.

VTB is a Moscow-based lender.

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