Credit Bank of Moscow has received an oversubscribed 364-day US$308mn loan from 10 bookrunning banks.

The loan will be used for trade-related purposes.

The bank agreed a margin of Libor plus 2.40% a year on the loan, which comes in slightly lower than its last loan in November 2011, which priced at 2.55%.

EBRD and IFC became shareholders in the charter capital of Credit Bank of Moscow in July 2012 and currently hold stakes of 7.5% each.

Mandated lead arrangers and bookrunners
Banc of America Securities
Barclays Bank
Commerzbank
Gazprombank
ING
Landesbank
Raiffeisen Bank
Rosbank
Standard Chartered
VTB

Joint co-ordinators
Commerzbank
Raiffeisen Bank

Facility Agent
Raiffeisen Bank

Lead arranger
The Royal Bank of Scotland

Arranger
Citibank

Co-arrangers
Banque de Commerce et de Placements
Intesa Sanpaolo
Landesbank Baden-Württemberg
Monte Paschi Banque