Sanctions imposed on the Russian bank VTB have thrown into doubt interest from one of the institution’s key shareholders in a planned bond issue , reported Financial Times.
Qatar Holding, the direct investment arm of the gas-rich state’s sovereign wealth fund, had been a supportive shareholder of VTB since acquiring a 2.9 per cent stake during the Russian lender’s initial public offering last year.
Qatar Holding, which expanded into Russian property this year, had been mulling investing in a VTB bond that was being planned before the imposition of US and EU sanctions.
One person aware of the matter said the sanctions could deter Qatari interest in the bond. “They had shown an interest before, but now [after the sanctions] we have no idea,” the person said.
Qatar Holding declined to comment.
Qatar Holding, the direct investment arm of the gas-rich state’s sovereign wealth fund, had been a supportive shareholder of VTB since acquiring a 2.9 per cent stake during the Russian lender’s initial public offering last year.
Qatar Holding, which expanded into Russian property this year, had been mulling investing in a VTB bond that was being planned before the imposition of US and EU sanctions.
One person aware of the matter said the sanctions could deter Qatari interest in the bond. “They had shown an interest before, but now [after the sanctions] we have no idea,” the person said.
Qatar Holding declined to comment.
Source:
Mubasher
