OREANDA-NEWS. November 18, 2011. Sberbank of Russia is pleased to announce the successful closing of the USD 1.2 billion Term Loan facility, reported the press-centre of Sberbank.

The Bank of Tokyo-Mitsubishi UFJ, Ltd., Barclays Capital, BNP Paribas, Citi, HSBC Bank plc, ING Commercial Banking and J.P. Morgan acted as Mandated Lead Arrangers and Bookrunners, with Bank of America Securities Limited and Sumitomo Mitsui Banking Corporation Europe Limited joining as the Mandated Lead Arrangers and Goldman Sachs International as a Lead Arranger. Barclays Capital acted as a Co-ordinator and Facility Agent.

The Facility has as a tenor of 3 years with a bullet repayment and carries a margin of 150 bp over LIBOR.

The transaction was oversubscribed despite challenging market conditions. However Sberbank decided to close the transaction in the amount of USD 1.2 billion resulting in Bookrunners and Mandated Lead Arrangers being substantially scaled back.

Pricing levels of the transaction set a new benchmark in the current market and match the terms of Sberbanks’s last deal completed in December 2010.  The success of the transaction highlights the importance of relationship between Sberbank and financial institutions across Europe, America and the Far East.