VTB's existing shares closed trading at 4.99 kopecks
And the tears were flowing again as Gifford and owner Pat Betts explained that Kopeck
is a half-brother to Rouble, who was killed in a fall at last year's Cheltenham Festival.
"One ruble and six kopecks
?" he mumbled, embarrassed.
VTB is offering shares at a discount to its 2007 initial public offering and 2011 secondary offering, when the bank sold shares at 13.6 kopecks
and 9.15 kopecks
The central bank keeps the ruble within a floating range against the basket and moves it by 5 kopecks
either way if the amount of its purchases or sales of foreign currencies exceeds an amount set by the central bank's internal rules.
In a monetary policy document, the central bank said, 'As of the start of August, it was set that the purchases (sales) of USD700 million of foreign currency by the Bank of Russia under the auspices of carrying out border interventions, the borders of the acceptable value of the floating corridor of the cost of the bi-currency basket are moved down (up) by five kopecks