OREANDA-NEWS. December 24, 2013. Sviaz-Bank has acted as one of the organizers of a syndicated loan totaling 5.5 billion rubles to be made to CREDIT EUROPE BANK, CJSC.

Bank VTB OJSC, Raiffeisenbank CJSC, Sberbank CIB, Sviaz-Bank, and UniCredit Bank CJSC were the organizers of the deal. Bank VTB OJSC is acting as credit agent and Raiffeisenbank CJSC is the documentation agent. The contracting parties signed the loan agreement on December 10, 2013.

The loan has been issued at an interest rate of 8.5% per annum for a one-year period, and may be renewed for another year. The loan has been issued to finance the borrower’s current operations.