Sberbank CIB Takes Part in Organising Loan for Credit Europe Bank
OREANDA-NEWS. December 18, 2013. Sberbank CIB has acted as one of the mandated lead arrangers of a RUB 5.5 bln syndicated loan for CREDIT EUROPE BANK Ltd., the Russian subsidiary of Credit Europe Bank N.V.
JSC VTB Bank, Sberbank CIB2, ZAO Raiffeisenbank, Sviaz-Bank and ZAO UniCredit Bank acted as Mandated Lead Arrangers. JSC VTB Bank is the facility agent and ZAO Raiffeisenbank acted as documentation agent.
The 1-year facility bearing an interest rate of 8.5% per annum with a 1-year extension option will be used for general corporate purposes of CREDIT EUROPE BANK, mainly, to finance the retail lending business of the borrower.