On January 27, 2012, VTB Bank completed placement of its RUB 10 billion series BO-07 bond issue. The following issue became the first Russian market deal in 2012 on the primary bond placement on the internal market.

The bid book was opened on January 20, 2012, with a coupon rate set at 8.0%-8.25% p.a. Over 90 applications totally worth about 18 billion rubles were received during the book-building. The coupon rate was decreased to 7.90%-8.00% p.a. due to a high demand for the bonds. After the book-building was over on January 25, 2012, VTB Bank decided to set the coupon rate set at 7.95% p.a. The issue will mature in 3 years, while the buy-back offer is valid for a year.

VTB Capital has been appointed as lead manager of the bond issue.
Broker Credit Service (BCS), Investment Group Region acted as co-lead managers.
Promsvyazbank, Bank WestLB Vostok, IC Center Capital, Deutsche Bank, Alor Invest, National Standard Commercial Bank, Raiffeisenbank, Svyaznoy Bank and RON Invest acted as underwriters.

Deputy President and Chairman of the Management Board at VTB Herbert Moos said: "We are glad that despite high volatility on the global markets, the Russian market remains open for high quality issuers. We have managed to attract a wide range of investors, including banks, and also large investment and management companies, which reflects a high level of confidence in VTB Bank".
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