OREANDA-NEWS. January 22, 2010. Sberbank of Russia is prepared to arrange a syndicated loan for Taganrog Bus Plant to restructure its bank debt worth RUB 21 bn, a spokesperson of the bank’s South West branch said. Basic restructuring terms were approved by Sberbank’s credit committee, the spokesperson said.

A new 5-year loan is to be floated against property collateral. TagAZ, which faced a lack of current assets, has 12 creditor banks, including VTB, Gazprombank, Credit Europe Bank, with Sberbank being the largest creditor to be paid RUB 6.3 bn.