Related News

JSC Russian Standard Bank (RSB) has executed a one-year US$122.5mn syndicated term loan facility for general corporate purposes. Standard Bank Plc and Barclays Capital acted as initial mandated lead arrangers and bookrunners.
The facility was launched into the market at the level of US$100mn and closed oversubscribed at US$122.5mn. The borrower elected to take the whole oversubscription. 
There will be a bullet repayment.
Maturity is one year from the date of signing of the facility agreement.
The margin is Libor + 1.80% per year.
RSB is one of the leading consumer finance banks in Russia organised as a closed joint stock company under the laws of the Russian Federation. RSB’s business activities primarily focus on consumer finance products and services, such as consumer loans, car loans and credit card loans.
Mandated lead arrangers are ABN Amro, HVB, Dresdner Kleinwort Wasserstein, HSBC Bank and JPMorgan plc.
Arrangers are Alpha Bank, Bankgesellschaft Berlin, National Bank of Egypt (UK), Ost-West Handelsbank, Piraeus Bank, London, RMB International (Dublin) and State Bank of India.
Lead arrangers are ZAO Banca Intesa, Bank Austria Creditanstalt, Bank of Overseas Chinese, Commercial Bank of India, Emirates Bank International, GarantiBank International, and ICICI Bank, Singapore.