OREANDA-NEWS. April 1, 2008. "Finance and Credit" Bank has attracted a syndicated loan in amount of \\$70 mln. The loan funds are attracted for 1 year and are directed for refinancing of syndicated loan for USD 70 mln., attracted in March 2007. The interest rate of the loan makes up LIBOR+1.95%.

The organizers of new syndicated loan were the following Banks Standard Bank Plc, Raiffeisen Zentralbank Osterreich AG (RZB) и VTB Europe Plc.

The participants apart organizers were 13 Banks predominantly from Western Europe countries. In the course of syndication the bid book exceeded USD 70 mln., however the Bank decided not to increase the deal volume.
    
That is the fifth time the Bank enters the external loan market: in June 2006 the Bank attracted the first syndicated loan in amount \\$35 mln. for 1 year with interest rate Libor+2,95%, in November 2006 the Bank implemented the first euro obligations' emission for the sum of \\$100 mln. at the interest rate 10,375 %, "Finance and Credit" Bank in February 2007 attracted the annual syndicated loan in amount of \\$70 mln. at the rate of Libor+2,1%, and in June "Finance and Credit" Bank completed the syndication of annual loan in amount USD 60 mln.

"Finance and Credit" Bank has attracted syndicated loan of \\$70 mln.