Related News

Bankgesellschaft Berlin (BGB), HVB Group, HSH Nordbank and Natexis Banques Populaires have been joined at the mandated lead arranger level by Bank of China to arrange a three-year US$100mn syndicated term loan facility for Moscow Narodny Bank (MNB). The transaction has been launched into general syndication.

The proceeds will be used for general funding purposes.

BGB, HVB and HSH are joint bookrunners, with HVB documentation agent and Natexis facility agent.

There will be a single bullet repayment and the margin is 1% over Libor per year.