Raiffeisenbank in Russia has mandated The Bank of Tokyo-Mitsubishi UFJ, Barclays Capital, BayernLB, Citi, Deutsche Bank, Intesa Sanpaolo Bank, Landesbank Baden-Wurttemberg, Mizuho Corporate Bank, Bank Austria, Bayerische Hypo-und Vereinsbank, Wachovia Bank, and WestLB as mandated lead arrangers and bookrunners to arrange a US$850mn syndicated term loan facility. General syndication has now been launched.
The facility will be used for general corporate funding requirements including, but not limited to, trade-related finance. It is structured as a term loan with a two-year maturity with bullet repayment and a margin of 65 basis points per year.
Raiffeisenbank is the largest foreign-owned bank in Russia, and ranks seventh in terms of assets among top Russian banks.
Last Updated March 26, 2008
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