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Published on 8/17/2010 in the Prospect News Emerging Markets Daily.

Fitch gives VTB-Leasing bonds BBB

Fitch Ratings said it assigned VTB-Leasing Finance's registered issue of series 08 and 09 bonds, each totalling RUB five billion, due Aug. 1, 2017 and Aug. 2, 2017, respectively, final long-term ratings of BBB.

The series 08 bonds have a put option on Feb. 9, 2012, and the coupon rate until the put option date has been set at 7.05%, the agency said.

According to Fitch, the series 09 bonds have a put option on Aug. 12, 2011. The coupon rate until the put option date has been set at 6.65%.

The bonds benefit from a guarantee of VTB-Leasing's parent company, JSC VTB-Leasing (BBB/stable), the agency added.


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