Reuters reported that VTB, Russia second biggest lender plans to tap the market for a three-year Eurobond issue denominated in Singapore dollars, IFR.

Books for the deal opened on Thursday morning, while the initial yield guidance was set at around 4%.

The state-controlled lender first tapped Singapore dollar market in 2010, selling a two-year long bond of SGD 400 million with a 4.2% yield.

Source - Reuters

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