VTB-Leasing sets bond coupon rates

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Russian finance group VTB-Leasing has set the first coupon rate on its BO-04 bonds at 9.85% per annum.

The company opened the orderbook for its 10-year Rb8 billion ($226 million) Series BO-04 bonds late last month, placing them on the Moscow stock exchange.

The face value is Rb1,000 per domestic bond.

The debt amortisation is a repayment by the issuer of 5.263% of face value every six months.

VTB Capital is acting as the bookrunner and arranger of the placement.