Banks have been mandated to arrange a dual tranche US$500mn syndicated term loan facility supporting MDM Bank’s trade financing activities.

 

The banks are: Alpha Bank, Bank of Tokyo-Mitsubishi UFJ, Commerzbank, Fortis Bank,

 

ICICI Bank UK, Natixis, RZB and Sumitomo Mitsui Banking Corporation Europe, are

 

There are two tranches of one year and three years.

 

General syndication has been launched and banks were invited to participate at one of the following levels:

 

MLAs with US$35mn: Tranche A – 50bp; Tranche B – 100bp

 

Lead arrangers with US$25mn: A – 40bp; B – 85bp

 

Arrangers with US$15mn: A – 35bp; B – 75bp

 

Managers with US$10mn: A – 30bp; B – 70bp

 

Participants with US$5mn: A – 25bp; B – 65bp

 

MDM Bank was founded in December 1993 and is one of the most profitable banks in

 

Russia. MDM Bank offers a full range of services to clients and has one of the highest credit ratings among privately-owned Russian banks. In May it was upgraded by Moody’s to Ba1. MDM is also rated by Standard & Poor’s (BB-, stable), and Fitch Ratings (BB-, positive) and is the only Russian financial organisation that has been given a public corporate governance rating by Standard & Poor’s (6+).