The issue matures in October 2024, while the yield guideline with a call option in October 2019 is set at around 5% annually, the source said.
A financial market source said in June that VTB may start a roadshow for Eurobonds on Tuesday.
Credit Suisse, UBS, and VTB Capital were appointed organizers of the placement.
On June 4, Alfa-Bank became the first Russian bank to enter the debt market since the start of the Ukrainian crisis. Sberbank and Gazprombank also offered their Eurobonds after that.