OREANDA-NEWS. October 19, 2007. TransCreditBank signed an agreement for a two-year USD87.5 million syndicated loan at LIBOR+0.45 %.

The lead managers were BNP Paribas, Commerzbank and Standard Bank.

The other banks in the syndicate were Morgan Stanley, JPMorgan Chase, ABN AMRO, Citibank and United Taiwan Bank.

The syndicated loan will be used for general corporate purposes, includng the financing of leasing operations and foreign trade transactions involving the Company’s corporte clients.