Hint mode is switched on Switch off
For swift navigation between sections

International bonds: VTB, 9.5% perp., USD
XS0810596832, VTB Eur

Download
Copy issue information to clipboard
Copy issue information to clipboard
Copy

Perpetual, Trace-eligible, Subordinated Unsecured, Floating rate, Callable

Issue
Issuer
  • M
    NR
    ****
  • S&P
    -
    ****
  • F
    -
    ****
  • Expert RA
     
    ***
*in foreign currency
Status
Outstanding
Amount
2,250,000,000 USD
Placement
31/10/2012
Redemption (put/call option)
Perpetual (06/12/2022 CALL)
Country of risk
Russia
Current coupon
9.50%
Price
111.18%
Yield / Duration
3.38% CALL / 1.743
Corporate Actions Issuer news
Add issue to Watchlist
{{ watchlistErrorMsg }}
Adding issue to the Watchlist is not possible because there are no quotes from exchanges for it.
DATA PLATFORM FOR FINANCIAL MARKET PROFESSIONALS AND INVESTORS
  • High performance interface for global bond market screening
  • Full information on close to 400,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 60 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

Trading chart

Stock exchange selection
Stock exchange selection
More about Cbonds Estimation
Data display in a chart | table
Data display in a chart | table
Work with the chart: switching the price, period, issue comparison
Work with the chart: switching the price, period, issue comparison
Download the chart in a convenient format
More than 2,500 records have been found, please specify your request
* Data is not available within the selected subscription
Latest data on
Quotes from market participants are indicative

Stock exchange and OTC quotes

Request additional prices

Issue information

Profile
VTB is a leader of Russian national financial industry; the bank provides all kinds of banking services. The main shareholder of the company is Russian Federation.
  • Borrower
    Go to the issuer page
    VTB
  • Full issuer name
    Bank VTB (PJSC)
  • Sector
    corporate
  • Industry
    Banks
  • SPV / Issuer
Volume
  • Amount
    2,250,000,000 USD
  • Outstanding face value amount
    2,250,000,000 USD
Nominal
  • Minimum Settlement Amount
    200,000 USD
  • Outstanding face value
    200,000 USD
  • Par amount, integral multiple
    1,000 USD
  • Nominal
    1,000 USD

Cash flow parameters

  • Reference rate
  • Margin
    8.067%
  • Coupon Rate
  • Day count fraction
    30E/360
  • Business Day Convention
    Following Business Day
  • Interest Accrual Date
    06/08/2012
  • Coupon frequency
    2 time(s) per year
  • Maturity date
    Perpetual

Cash flow

Calculations for international bonds are made according to the minimum trading lot

Early redemption terms

Callable on 6th December 2022 and every interest payment date thereafter
Early Redemption: Regulatory disqualification event (at 101%) / Tax Event (at Par)

Auctions and additional placements

DATA PLATFORM FOR FINANCIAL MARKET PROFESSIONALS AND INVESTORS
  • High performance interface for global bond market screening
  • Full information on close to 400,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 60 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

Placement

  • Placement method
    Open subscription
  • Placement type
    Public
  • Issuer rating on issue date (M/S&P/F)
    Baa1 / BBB / BBB
  • Placement
    26/07/2012 - 31/10/2012
  • Initial issue amount
    1,000,000,000 USD
  • Initial issue price (yield)
    100% (9.50%)
  • Spread to us Treasury bonds
    806.7 bp
  • Bids
    1,650,000,000 USD
  • The purpose of placing
    The gross proceeds from the offering of the Further Notes will be used by the Issuer for the sole purpose of financing the Further Subordinated Loan to VTB pursuant to the terms of the Subordinated Loan Agreement and paying certain expenses in connection with the issue or the Further Notes. The gross proceeds of the Further Subordinated Loan will be used by VTB for general corporate purposes.
  • Listing
    Moscow Exchange, XS0810596832, lot size - 1 itm (Third level, 10.12.2014), London S.E., Irish S.E., Berlin Exchange (Third level, 10.12.2014)
Participants
  • Bookrunner
    Citigroup, UBS, VTB Capital
  • Co-arranger
    EDB, Russian Agricultural Bank
  • Paying agent
    Citibank (London branch)
  • Trustee
    Citibank (London branch)

Covenants

  • Change of Control
  • Collective Action Clause

    not less than 75% of the aggregate principal amount of the outstanding Notes for passing an Extraordinary Resolution

  • Covenant Suspension/Fall-Away
  • Cross Default
  • Designation of Restricted and Unrestricted Subsidiaries
  • Events of Default
  • Limitation on Business Activities
  • Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries
  • Limitation on Indebtedness
  • Limitation on Investments
  • Limitation on Liens
  • Limitation on Restricted Payments
  • Limitation on Sale of Assets
  • Limitation on Sale/Leaseback
  • Limitation on Subsidiary Debt
  • Limitation on layering (anti-layering)
  • Limitations on transactions with affiliates
  • Merger Restrictions
  • Rating Trigger

Additional information

unrated, Basel III compliant Tier 1 capital. Ranks junior to any Senior Creditors and Senior Subordinated Creditors. Pari passu with Junior Subordinated Creditors. Senior to the Issuer’s share capital
T Spot: 1.75% 05/22 102-28+/ 1.433% (Margin: 806.7bps)
Mandatory deferral: At the request of CBR if coupon payment would cause a Trigger Event (cash cumulative)
Dividend pusher: Yes (6 month look back)
Dividend stopper: Yes

Latest issues

Stocks

Identifiers

  • ISIN RegS
    XS0810596832
  • ISIN 144A
    ***
  • ISIN temporary/additional
    XS0851694082
  • CUSIP RegS
    ***
  • CUSIP 144A
    ***
  • Common Code RegS
    081059683
  • Common Code 144A
    081190682
  • CFI RegS
    DAFNQR
  • CFI 144A
    DGVSQR
  • Issue short name on trading floor
    VTB Eur
  • FIGI RegS
    BBG003824NB3
  • FIGI 144A
    BBG003823NT5
  • WKN RegS
    A1G73D
  • WKN 144A
    A1HE75
  • SEDOL
    B8HB3F7
  • Ticker
    VTB V9.5 PERP REGS
  • Type of security by CBR
    BON7

Ratings



Bond classification

  • Subordinated Unsecured
  • Registered
  • Loan Participation Notes
  • Coupon bonds
  • Callable
  • Floating rate
  • Perpetual
  • Subordinated
  • Trace-eligible
  • Amortization
  • CDO
  • Convertible
  • Dual currency bonds
  • For qualified investors (CIS region)
  • Foreign bonds
  • Green bonds
  • Indexed
  • Supranational bond issues
  • Mortgage bonds
  • Payment-in-kind
  • Non-Marketable Securities
  • Redemption Linked
  • Restructuring
  • Retail bonds
  • Covered
  • Securitization
  • Structured product
  • Sukuk

Holders