Issuer focus: VTB Bank Europe
VTB Bank Europe is the European arm of Russia's second-largest bank, VTB, which raised $8 billion in May in the biggest IPO so far this year. Global head of treasury Vladimir Sokolov talks to Nikki Marmery about investor demand for Russian debt and his plans to make the most of it
Nikki Marmery: Tell me about the structure of VTB Bank Europe: how does it fit in with VTB the parent bank and all its other subsidiaries?
Vladimir Sokolov, executive director and global head of treasury in London: Until recently, VTB was 100% owned by the Russian government. It sold off 22.5% in May, raising approximately $8 billion. The government now has a majority stake in VTB of just over 75%; the remainder is held by individual shareholders and institutional investors.
VTB Bank Europe was
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