October 16, 2018 / 11:38 AM / 2 months ago

Russia's VTB to issue 20 bln roubles worth of subordinated bonds

MOSCOW, Oct 16 (Reuters) - Russia’s second largest lender VTB said on Tuesday it will issue perpetual subordinated bonds worth 20 billion roubles ($305 million).

The bank has approved the placement of the bonds, which will carry semiannual coupons. They will not have a maturity date and VTB reserves the right to redeem the bonds, it said in a statement filed via the Moscow stock exchange.

Subordinated bonds can be included in the bank’s capital - the cushion essential to issue loans and make acquisitions. (Writing by Andrey Kuzmin; Editing by Susan Fenton)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below