VTB as mandated lead arranger and a consortium of lenders have signed into a debut Rb525mn. syndicated term loan facility for Expobank.

 

The loan bears a fixed interest rate of 9,8% per year and has a maturity of six months (with an extension option for another six months).

 

The following banks have joined the facility: International Moscow Bank as co-arranger; Bank Zenit; Kazkommertsbank, Almaty; VTB Bank (Austria) as lead managers; Bank Rossiya; Bank Saint Petersburg  as co-lead managers; Sudostroitelny Bank; and Finansbank (Russia) as managers.

 

Expobank was founded in 1994 and provides retail and corporate banking services. The principal activities of the bank are operations with plastic cards and precious metals, deposit taking, operations with securities and activities in the financial markets.