17 June 2004 22:38
Vneshtorgbank to issue more floating rate Eurobonds (Part 2)
The bonds would mature in two or three years, Usrulyak said.
ING Bank, HSBC and Barclays are organizing the issue, he said.
VTB will issue the bonds as part of its $2.5-billion mid-term
MOSCOW. June 17 (Interfax) - Vneshtorgbank (VTB) plans to place more floating rate Eurobonds in the next two months,
VTB Vice-President Denis Ursulyak told reporters.
borrowing program, approved last year.
In April this year, VTB placed $325 million in 12-month floating rate bonds.
Ursulyak also said VTB planned to borrow about $200 million from a syndicate of Asian banks next week. Citibank and
HSBC are organizing this loan, he said.
VTB initially intended to borrow $75 million, but it already had offers totaling about $260 million from Asian banks.
"I don't yet know exactly how much we will take, but I think it will be around $200 million," Ursulyak
said. [RU ASIA EUROPE EEU EMRG EUB BNK] pr
[Interfax] |
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