Business Recorder - Markets - Financial https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Fri, 14 Aug 2026 02:03:05 +0500 Fri, 14 Aug 2026 02:03:05 +0500 60 Russian bank VTB prices GDR shares at $6.25 https://www.brecorder.com/news/2837/russian-bank-vtb-prices-gdr-shares-at-625 <p class="MsoNormal"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" src="https://i.brecorder.com/images/stories/vib-400.jpg" width="400" height="267" />MOSCOW: Russian bank VTB has priced its secondary public share offer at $6.25 per global depositary receipt (GDR), the RIA news agency said on Sunday quoting a market source.</p> <p class="MsoNormal">"The book is two times oversubscribed. The price (of the offering) is close to a market price and is $6.25 per GDR," the agency quoted the source as saying.</p> <p class="MsoNormal">VTB, Russia's second-largest bank, which is seeking to sell 10 percent of the state's holding for about $3.3 billion, on Friday, was guiding investors towards the $6.25 according to a banking source.</p> <p class="MsoNormal">VTB's existing GDRs were trading at $6.28 on Friday.</p> <p><center><b><i>Copyright Reuters, 2011</i></b><i></i><br /></center></p> MOSCOW: Russian bank VTB has priced its secondary public share offer at $6.25 per global depositary receipt (GDR), the RIA news agency said on Sunday quoting a market source.

"The book is two times oversubscribed. The price (of the offering) is close to a market price and is $6.25 per GDR," the agency quoted the source as saying.

VTB, Russia's second-largest bank, which is seeking to sell 10 percent of the state's holding for about $3.3 billion, on Friday, was guiding investors towards the $6.25 according to a banking source.

VTB's existing GDRs were trading at $6.28 on Friday.

Copyright Reuters, 2011

]]> Markets https://www.brecorder.com/news/2837 Sun, 13 Feb 2011 10:42:09 +0500 none@none.com (Syed Murtaza Gheblehzadeh)