Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

VTB Said to Seek Similar Terms as Sberbank for $1.5 Billion Loan

VTB Bank OJSC, Russia’s second-biggest lender, is said to be seeking a three-year $1.5 billion loan with similar terms obtained by larger rival OAO Sberbank last year.

The company is offering to pay a margin of 150 basis points more than the London interbank offered rate for the loan, according to two people with direct knowledge of the deal, who asked not to be identified because the terms are private. The so-called all-in margin, in which banks’ fees are included, is 190 basis points more than Libor, the people said.

Barclays Plc is helping Moscow-based VTB market the deal to other lenders, and it’s expected to sign in the next three weeks, the people said.

Barclays also coordinated a loan with the same size, maturity and pricing for Sberbank in October, according to data compiled by Bloomberg. Russia’s state-run development bank Vnesheconombank got lower pricing in November, successfully raising an $800 million loan with an all-in margin of 185 basis points, the data show. A basis point is 0.01 percentage point.

A Moscow-based spokeswoman for VTB declined to comment, asking not to be named citing company policy.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.