OREANDA-NEWS. March 31, 2008. Russian Railways has just completed a deal for a USD1.1 billion syndicated loan from 14 international banks, including BANCO BILBAO VIZCAYA ARGENTARIA SA, THE BANK OF TOKYO-MITSUBISHI UFJ, LTD, BARCLAYS CAPITAL, BNP PARIBAS, ING BANK NV, BANK AUSTRIA CREDITANSTALT AG and WESTLB AG, LONDON BRANCH.

The loan is in two equal tranches of USD550 million with maturities of 3 years and 5 years and LIBOR +0.55% and +0.75%, respectively.

During bookbuilding, applications increased from USD1 billion to USD1.1 billion.

The funds raised will towards the items previously approved in the Company's budget and financial plan.