Credit Bank of Moscow has returned to tap the market for its eighth trade-related syndicated loan, which is expected to be completed in the next few weeks. It is a rapid return to market, with the bank having just repaid the principal and interest amount on its previous 364-day US$53mn signed on September 11 2006.


Mandated lead arrangers on the new loan are Standard Bank and Commerzbank, both of which arranged last year’s transaction.

The previous deal paid a margin of 2.50% over Libor, and attracted a 17 bank strong syndicate of lenders. Acting as lead arrangers were Anglo-Romanian Bank and International Moscow Bank. Arrangers were BRE Bank, BRED Banque Populaire, and Wachovia Bank. Lead managers were AKA Ausfuhrkredit, Icebank- Sparisjabanki Hslands, London Forfaiting Company, Nova Ljubljanska, OTP Bank, Rietumu Banka, and UBAE-Arab Italian Bank. Managers were Adria Bank, Banif and Caixa Geral de Depsitos, China Exim, Finansbank, and Landesbank.