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RZB and Raiffeisenbank Moscow as mandated lead arrangers have signed banks into a loan for

  • Russia’s Industry & Construction Bank (ICB) of St Petersburg. This is an extension of Tranche 2 of an existing US$25mn syndicated loan facility. Tranche 2 initially amounted to US$12mn.


    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.