VTB Group, Russia’s second-largest bank, is pressing companies in the country to seek financing in Singapore after doubling its own bond sale in the Asian nation.VTB of Moscow sold 400 million Singapore dollars ($294 million) of two-year notes on July 30 at a yield of 4.2 percent, according to data compiled by Bloomberg.
Singapore investors bought 82 percent of the VTB securities and Hong Kong buyers accounted for 7 percent, Solovyev said. Oversea-Chinese Banking Corp Ltd. in Singapore co-managed the sale with VTB. Full Story
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