VTB Capital has successfully built a debt capital markets business model that targets primary market mandates from Russian and CIS companies in G3 currencies and roubles and it now has its eyes set on building a network among borrowers in Eastern Europe and Asia.
As recently as 2009, VTB sourced all of its primary market mandates in Russia, according to Andrey Solovyev, global head of debt capital markets. Since then, the firm’s expansion has paid off, he said during an interview at the second Russia Capital Raising and Investment Summit, hosted by FinanceAsia and AsianInvestor in Hong Kong last week.
According to data provider Dealogic,...