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Vneshtorgbank and IMB mandated to arrange RUB 500 mio syndicated term loan facility for "SLAVINVESTBANK"

 
18 August 2006

JSC Vneshtorgbank and CJSC IMB were appointed Mandated Lead Arrangers and Bookrunners of a RUB 500 mio debut syndication for "SLAVINVESTBANK" LTD (Russia).

The loan bears a fixed interest rate of 9.5% p.a. and has a maturity of 364 days.

"SLAVINVESTBANK" LTD (the "Bank") was founded in 1994. It is a universal bank that supports corporate business and private enterprise development, provides banking services to individuals and companies and partnership programs to other banks.

In February 2006 the Bank was ranked 79th in Russia by the Bankers' Almanac.

JSC "Bank TuranAlem" owns 15,63% of the Bank's equity. Another 84,16% is held in trust management with LLC "TuranAlem Capital", the company established in 2004 by the only shareholder "Bank TuranAlem". Through executing corporate management, "TuranAlem Capital" jointly with "Bank TuranAlem" may influence the activities of "SLAVINVESTBANK".

In June 2005 the Bank was rated "B1" Foreign currency deposits long-term rating, Non-prime short-term rating and "E+" financial strength rating by Moody's Investors Service, all with "stable" outlook. In December 2005 Moody`s Interfax Rating Agency assigned the Bank  national rating "A2.ru". Simultaneously Moody's confirmed current international rating of the Bank.


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