OREANDA-NEWS. The loan was attracted by 70 bps p.a. over LIBOR with a tenor of one year.

Taking into account the uncertain market conditions during this summer, the syndication is undoubtedly the Bank's success.

“AK BARS have successfully closed their US$100 Million, one year syndicated facility, fully subscribed and achieving very competitive pricing and terms” stated Charles Griffiths from The Bank of Tokyo-Mitsubishi UFJ’s syndication group in London. “The transaction was syndicated during the summer months and, given current loan market conditions, is a remarkable success and a clear display of both the quality of borrower’s banking relationships, and the professionalism and dedication of the AkBars funding team”.