OREANDA-NEWS. Alfa-Bank signed a 1-year term Club Loan Facility for 307 million US dollars. Alfa-Bank is the first private bank in Russia to raise foreign credit facilities in the current challenging liquidity-related market environment that has gripped most of the global banking community.

Alfa-Bank has self arranged the loan, making this Club transaction a unique event.

There were 21 banks involved in this Facility, including:
- Alpha Bank
- BNP Paribas
- Commerzbank
- First Gulf Bank
- Fortis
- HSBC
- ICICI Bank Limited
- ING Bank
- Mashreqbank
- National Bank of Greece
- Sumitomo Mitsui Banking Corporation Europe Limited
- Wachovia

The loan interest rate is 60 basis points above LIBOR.

This is the twelfth syndicated loan in a row drawn by Alfa-Bank in the international financial markets.

“It is especially pleasant to note that the loan, despite the difficult global liquidity situation, was larger than last year’s Club facility of US$220 million,” — said Maxim Topper, Managing Director, Head of International Banking and Financial Institutions at Alfa-Bank.