JSC Vneshtorgbank, Moscow Narodny Bank Limited, Raiffeisen Zentralbank Oesterreich AG and Standard Bank Plc acting as Mandated Lead Arrangers and Bookrunners have launched a USD 20 mio syndication for Bank Finance & Credit Limited, Kiev.
The loan bears margin of 2.95 per cent p.a. above LIBOR and has a tenor of 364 days with an extension option for further 364 days.
Bank Finance & Credit was founded in 1990 and at the beginning of the 2nd quarter of 2006 was ranked 9th in Ukraine by total assets with USD 960 mio and 11th by equity capital with USD 118 mio according to Ukrainian Banks' Association data.
The Bank provides banking services to individuals and companies operating in different industries, including chemical, metallurgy, car manufacturing, trade and others. These services include attracting deposits and granting loans, investment banking and other services. As of January 1, 2006 bank's regional network comprised 16 full-scale branches and 191 local departments.
Bank Finance & Credit Limited is rated B2/ NP with stable outlook and financial strength "E+" by Moody`s.