VTB Leasing Places Exchange-Traded Bonds Worth 5 Billion Rubles

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VTB Leasing Issues RUB 5 Billion Exchange-Traded Bonds

VTB Leasing has successfully issued exchange-traded bonds (Series 001P-MB-06) worth RUB 5 billion at par value.

The issuer sold 5 million bonds with a face value of RUB 1,000 each through an open subscription.

The bonds have a maturity of 3 years, with a coupon period of 30 days.

Repayment of the nominal value will be made in installments: 8.50% on the maturity dates of the 3rd, 6th, 9th, 12th, 15th, 18th, 21st, 24th, 27th, 30th, and 33rd coupons; and 6.50% on the maturity date of the 36th coupon.

The coupon rate for the entire term of the bonds was set at 14.50% per annum following the collection of bids.

VTB Capital Trading acted as the organizer and placement agent.

Review provided by Alexei Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the Faculty of "Higher School of Management" at the Financial University under the Government of the Russian Federation.