Ak Bars raises oversubscription
Ak Bars Bank in Russia has closed syndication on a US$200mn trade-related loan arranged by mandated lead arrangers and bookrunners Banco Finantia, Commerzbank, ICICI Bank, Landesbank Berlin and WestLB.
The facility was originally launched at the end of February at US$75mn and was substantially oversubscribed. Ak Bars decided however to scale back commitments to US$200mn.
It carries a one-year tenor, and pays a margin of 1.50% per year. A total of 28 banks took part in the syndication.
The facility was originally launched at the end of February at US$75mn and was substantially oversubscribed. Ak Bars decided however to scale back commitments to US$200mn.
It carries a one-year tenor, and pays a margin of 1.50% per year. A total of 28 banks took part in the syndication.
Last Edited: April 11, 2008 | Send to Friend
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