OREANDA-NEWS. On 23 July 2008 MDM Bank is pleased to announced that the Bank signed a USD 535 million syndicated term loan facility, split between IFC A and IFC B Loans.

The IFC A-Loan is a 4-year term facility with a one-year grace period for USD 35 mln. These funds will be used to support MDM Energy, the Bank’s energy-efficiency lending program for small businesses. The A-Loan facility is provided directly by IFC.

The IFC B-Loan is for USD 500 mln and is a one-year term loan with bullet repayment. Funds from this loan will be used to support trade-related financing or other trade-related projects of the Bank’s clients. The IFC B-Loan was syndicated to commercial banks.