OREANDA-NEWS. Rosbank acted as Mandated Lead Arranger of the syndicated term loan facility for CREDIT BANK OF MOSCOW (open joint-stock company) in the amount of USD 500 m. along with a number of leading international financial institutions. The facility was oversubscribed and increased with a strong group of 17 banks from 11 countries including USA, Europe and Asia.

The facility agreement was signed on March 24, 2014. The facility bearing an interest rate of LIBOR/EURIBOR + 1.75% per annum for 364 days and interest rate of LIBOR/EURIBOR + 1.95% per annum for 18 months will be used for trade related purposes.

“We have been working with CREDIT BANK OF MOSCOW in the field of syndicated lending since 2011. This year Rosbank participated in organization of three term loan facilities in the amount of USD 940 m. Syndicated market is a key one for us. By the results of the last year, Societe Generale Group has taken the first position in league tables of Cbonds, IFR Thomson Reuters and Euroweek/Dealogic information agencies. We are going to keep the leading positions on the market this year”, said Vitaly Klenov, Director of Syndicated Loans and Structured Products Department.