OREANDA-NEWS. On May 20 VTB successfully placed its largest Eurobond offering of U.S.\\$2 billion ("Offering") under Programme No.2 for the Issuance of Loan Participation Notes ("LPNs" or "Eurobonds"), reported the press-centre of VTB Bank.

This offering was record breaking for VTB due to the following reasons:

Transaction announced and priced within a day;

First benchmark public rule 144A/Reg S bond offering of a Russian bank in the international capital markets since the beginning of 2008;

Largest single tranche debt instrument offering in the history of VTB;

Largest single tranche offering in the international capital markets by any financial institution from the CIS and CEE region;

Largest single tranche offering by a CEEMEA borrower in 2008 year-to-date.

In the Offering, U.S.\\$2 billion of 6,875% Notes due 2018 with a 5 year  put option  were issued by VTB Capital S.A. , Luxemburg, at a nominal value and listed on the Irish Stock Exchange.

Deutsche Bank and JP Morgan are Joint Lead Managers ("JLMs") for the Offering.

The deal was over 3 times oversubscribed, with the order book in excess of 200 orders.

The transaction generated strong global interest, which in the current market conditions, attests to the confidence that international investors have in the strength of the VTB’s credit.