Last Updated February 28, 2008
Russia's Sviaz Bank has closed its third syndicated term loan facility at US$25mn. Mandated lead arrangers are VTB Bank, UniCredit Bank ands RZB.
The deal was launched on January 14, 2008. It is unsecured and has a maturity of 12 months, with an optional 12-month extension. It pays a margin of 250 basis points over Libor.
Syndication was oversubscribed and the facility should be officially signed in the next two weeks.
Previously the borrower tapped the market for US$32mn in August 2007, via mandated lead arrangers RZB and VTB Bank.
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