OREANDA-NEWS. May 05, 2008. JSC VTB Bank, CJSC UniCredit Bank and Raiffeisen Zentralbank Osterreich AG (together Mandated Lead Arrangers) and a consortium of lenders have signed into US\\$ 30,000,000 trade related syndicated term loan facility for Sviaz-Bank, reported the press-centre of Sviaz-Bank.

The loan bears margin of 2,5 per cent p.a. above LIBOR and has a tenor of 364 days with an extension option for further 364 days.

The deal was well received in the market and increased from the launch amount of US\\$ 25,000,000. The following banks have joined the Facility: OTP Bank Plc, VTB Bank (Deutschland) AG (Lead Arrangers); BRE Bank SA (Arranger); BRED Banque Populaire, LHB Internationale Handelsbank AG (Lead Managers); BNP Paribas Ireland, Yapi Kredi Bank Moscow (CJSC) (Managers).

Sviaz-Bank was established in May 1991. It is included in the TOP-15 largest privately owned banks in Russia by assets and in the TOP-10 most profitable private banks by estimation of Interfax.

Sviaz-Bank is rated B2 by Moody’s Investors Service Rating Agency with “stable” outlook.