February 17, 2010 / 9:02 PM / 9 years ago

Russia's VTB bank to issue dollar-denominated debt

NEW YORK, Feb 17 (Reuters) - Russia’s second-largest bank, VTB (VTBR.MM), plans to sell U.S. dollar-denominated debt, a market source familiar with the details of a marketing roadshow told Reuters on Wednesday.

Deutsche Bank, JPMorgan and VTB Capital were given the mandate to market the potential debt deal to investors.

The roadshow begins Friday Feb. 19 in Los Angeles, before moving to Boston on Monday Feb. 22 and then New York on Tuesday Feb. 23. It finishes in London on Wed. Feb. 24.

It is expected state-run VTB will then offer for sale a benchmark size bond which typically means $500 million or more.

On Jan. 27, VTB chief financial officer Herbert Moos told Reuters in Moscow the bank plans to borrow up to $5 billion on foreign markets in 2010. (Reporting by Daniel Bases; Editing by James Dalgleish)

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