The debut bond issue of OOO VTB Leasing Finance launched into syndication.
November 15, 2007
The debut bond issue of OOO VTB Leasing Finance has been launched into syndication. The arranger predicts the yield to the annual offer at 8.24% – 8.46% p.a. which corresponds to the coupon rate of coupon 1 at 8.00% - 8.20% p.a.
The arrangers of the deal (OAO Bank VTB and OOO Deutsche Bank) have informed about forming of the syndicate for this bond placement of 01-series at face value of RUR 8 bln (the guarantor is OOO VTB-Leasing).
Co-arrangers of the issue are NOMOS-BANK, ING Bank, Dresdner Bank.
Underwriters are Troika Dialog, ABN Amro Bank, Renaissance Capital, and Evrofinance Mosnarbank.
The bonds are to be placed at the MICEX on November 15, 2007. The issue amount at face value is RUR 8 bln (state registration number is 4-01-36292-R dated November 4, 2007). The bonds mature in 7 years. The issue presupposes the issuer’s put-option for November 17, 2008 at par. Quarterly coupon payments are also planned. Coupon rates for coupons 1-4 are equal and will be set at the placement auction, coupon rates for other coupons will be set by the issuer.
Company — VTB-Leasing
Full nameVTB Leasing