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VTB Bank and Raiffeisen Zentralbank Osterreich AG arrange a syndicated loan for SVYAZ Bank

 
13 September 2007

VTB Bank and Raiffeisen Zentralbank Osterreich AG acted as arrangers of a USD 32 mln syndicated loan for OJSC CB Svyaz Bank to mature in 12 months at LIBOR + 2.50% annual interest rate. Investors’ bids exceeded the initially planned amount of the loan (USD 30 mln) and reached USD 32 mln.

Alongside the managers, among the syndication members were: OTP Bank Plc (Co-manager), Banco Finantia S.A., VTB Bank (Austria) (Lead-managers), BRE Bank SA, Icebank, JSC “NORVIK BANKA”, LHB Internationale Handelsbank AG (Co-lead managers); Nova Ljubjanska bank d.d., Ljubljana, Raiffeisenlandesbank Karten and Raiffeisenlandesbank Niederosterreich-Wien (Managers).    

For reference:

OJSC CB Svyaz Bank was established in 1991 and presently is among the TOP 30 largest Russian banks (as to the Bank of Russia), and also in 100 largest banks of the CIS in terms of its assets and equity. The Bank has «В2»/ «NP» ratings from Moody’s, as well as «E+» financial strength rating, Stable Outlook.

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