VTB will redeem Eurobonds ahead of schedule on more than $700 million

VTB will redeem Eurobonds ahead of schedule on more than $700 million


VTB has received requests for the redemption of bonds totaling 1,089 billion and $ 246,5 million Swiss francs, also said in a statement.

MOSCOW, 28 Oct. VTB has received requests for early redemption of Eurobonds for a total amount of 419 million dollars 246,5 million Swiss francs, as well as 47,581 million Australian dollar, the Bank said.

The Bank has received requests for the redemption of bonds totaling 1,089 billion and $ 246,5 million Swiss francs.

“The total amount of the redemption will be the equivalent of a little over 700 million dollars, which is certainly a successful result in the current market situation. We are satisfied with the results of the tender and the fact that we managed to buy a significant amount of debt with minimal premiums to the market”, — noted in a press-service VTB.

Earlier, on 19 October, VTB has exposed the offer on the early redemption of ten issues of Eurobonds in total amount equivalent to more than 750 million dollars. The Bank is exposed to the bondholders three proposals. The Bank will redeem at 419 million dollars in dollar-denominated Eurobonds five issues: maturing in April 2017, February 2018, may 2018, October 2020 and October 2022. The total issue amounted to $ 7,25 billion of which are in circulation on paper is at 5,998 billion. The redemption price was determined in the form of a Dutch auction.