VTB Bank

Capital/Financing Update • Mar 12, 2013

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RNS Number : 8317Z

JSC VTB Bank

12 March 2013

JSC VTB Bank signs a US$ 2,000,000,000 Term Loan Facility (the "Facility")

March 12, 2013

JSC VTB Bank ("VTB") is pleased to announce the signing of its US$ 2,000,000,000 term loan facility (the "Facility") with Banc of America Securities Limited; Bank of China (UK) Limited; The Bank of Tokyo-Mitsubishi UFJ, Ltd.; Barclays Bank PLC; BNP Paribas; China Construction Bank (London) Limited; Citibank, N.A.; HSBC Bank plc; J.P. Morgan Limited; Mizuho Corporate Bank, Ltd.; Société Générale; Sumitomo Mitsui Banking Corporation Europe Limited; and Wells Fargo Bank, N.A. joining as Mandated Lead Arrangers and Bookrunners and The Bank of New York Mellon as Lead Arranger. Barclays Bank PLC acted as Co-ordinator for the Facility and will act as Facility Agent.

The Facility was signed on March 12, 2013. Following a very strong response from international lenders, VTB was able to increase the facility to US$ 2,000,000,000.

The transaction marks the largest syndicated facility by a financial institution in Russia since 2011. The Facility is structured as a 3-year bullet repayment term loan and has a margin of 150 basis points per annum over LIBOR. The proceeds of the Facility will be used for general corporate purposes.

Andrey Kostin, VTB's President and Chairman of the Management Board, said: "We are very appreciative of the solid support that we received from participating banks and are very pleased with the transaction. The deal sets the record size and brings in lenders from various geographies thus further extending and diversifying our relationship base in the global banking community. The success of this loan proves our strong reputation in the industry, and we are looking forward to further strengthening of our credit profile internationally".

The Group is a leading Russian universal banking group ranked second by total assets in the Russian Federation offering a wide range of banking and other financial services and products in over 20 countries including CIS countries, Europe, Asia, Africa, Middle East and the United States.

VTB has a long term foreign currency deposit rating of "BBB" from Standard & Poor's and "Baa1" from Moody's Investors. The Bank has the highest national scale rating of ruAAA.

This information is provided by RNS

The company news service from the London Stock Exchange

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