RZB and Raiffeisenbank Moscow as mandated lead arrangers have signed banks into a loan for
Due to an oversubscription of 375% the total amount was increased to US$45mn (Tranche 2), 16 banks forming the syndicate.
The loan will be on-lent under trade-related loan schemes to ICB’s customers.
Repayment is as a bullet in a single amount, with maturity at 18 months.
The margin is 3.25% per year.
RZB committed to US$4mn, while Raiffeisenbank Moscow took on US$3mn.
Joint arrangers ZAO International Moscow Bank, Demir-Halk Bank (Nederland) and State Bank of India Los Angeles Agency committed to US$5mn.
Lead managers were Wachovia Bank, Indover Bank, National Bank of Egypt(UK), Finansbank (Holland) and Credit Suisse with US$3mn apiece.
Managers with US2mn apiece were Bankgesellschaft Berlin and Dresdner Bank.
Participants with US$1mn each were ZAO Banca Intesa, Adria Bank, American Express Bank and Ost-West Handelsbank.
