OREANDA-NEWS. On 18 March 2009 was announced, that Raiffeisen Bank Aval < BAVL UZ Buy > prematurely repaid USD 150mn of the two-year syndicated loan (USD 500mn), which is due in April 2009. The rest of the loan (USD 100mn) is expected to be repaid till 19 April 2009. Additionally, the bank announced its willingness to redeem the first tranche (USD 85.3mn) of its syndicated loan maturing in July 2009.

Millennium Capital sees the news to be POSITIVE for BAVL. Though, the premature loan redemption might be caused by the premature offer made by the BAVL lenders, its execution proves confident support of BAVL by its parent Raiffeisen Zentralbank. Millennium Capital expects that BAVL will direct some part of its parent subordinated loan (USD 160mn) on premature repayment of its loans.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of the major investment banking institutions.