Trade finance news

IIB loan signed oversubscribed

Last Updated January 11, 2008

The International Industrial Bank (IIB) has closed a US$105mn syndicated facility, arranged via initial mandated lead arrangers Calyon, Commerzbank, Landesbank Berlin and Standard Bank.

The borrower originally requested a US$80mn facility, but syndication proved to be popular and the deal was increased. It was signed in Moscow, on December 18 2007. (Click here for previous coverage in GTR eNews November 15, 2007).

Joining as additional mandated lead arrangers are Credit Suisse and ICICI Bank.

Including the lead arrangers, a total of 14 banks are participating in the transaction. The facility pays a margin of 145 basis points over Libor and carries a 364-day tenor. It has been raised to refinance a previous US$120mn loan raised in 2006.)   

Established in 1992, IIB has become one of the largest private banks in Russia and is regularly ranked as one of the top five Russian banks in terms of capital. 



Share This

Share |

Reader Comments

Add your comment

 
Email Icon
Follow Us on Twitter
Follow GT Review on
Twitter for the latest updates

twitter.com/gtreview

The endless arguments about why Africa is not trading within Africa are wearing thin. It is time for a coherent action plan to be drawn up, says GTR editor, Rebecca Spong.

 

GTR’s annual search for the best trade institutions in Asia has begun. Voting closes May 17.

Click here to book your entry to the GTR Directory 2012/13

GTR Directory 2012/13

Latest Conference Highlights


Kenya
Nairobi - May 22, 2012 
Lebanon
Beirut - June 6, 2012 
United States
New York - June 12, 2012 
The Netherlands
Amsterdam - June 18-19, 2012 
Ghana
Accra - June 26-27, 2012 
Singapore
Singapore - September 3-5, 2012 
United States
San Francisco - September 18, 2012 
Egypt
Cairo - October 10, 2012 
Indonesia
Jakarta - October 24, 2012 
Qatar
Doha - w/c 4 November, 2012 

emeafinance, the complete information source for the finance industry in the EMEA region.

EMEA