OREANDA-NEWS. October 4, 2011. CREDIT BANK OF MOSCOW fully repaid a USD  130mln 1-year B loan raised under A/B structured syndicated loan facility organized by the International Finance Corporation (IFC). Thus, the obligations of CBM under the B loan were fulfilled in full and in due time.

The syndicated loan in the total amount of USD  170mln was raised in September 2010 and consisted of the A Loan in the amount of USD  40mln granted by IFC for a 5-year period and the B Loan of USD  130mln with a tenor of 1 year.

IFC was acting as the transaction arranger under the deal. The bookrunners for the B Loan were Commerzbank AG, ING, RZB and VTB Bank (Deutschland). The Initial Mandated Lead Arrangers were First Bank of Nigeria (UK) and Amsterdam Trade Bank N.V.

This syndicated loan was the tenth in a row and by far the largest one for CREDIT BANK OF MOSCOW raised in international syndicated loan market.

In the short-run CBM intends to tap the market again with a new syndicated loan transaction.