The facility was launched at US$100mn and following a 130% oversubscription closed at US$230mn. The borrower elected to take the oversubscription and 45 banks participated.
The margin is Libor plus 1.50% per year.
Alfa Bank is the largest privately-owned bank domiciled in Russia and is rated “Ba2 “by Moody’s and “B ” by Standard & Poor’s with a positive outlook.
Lead arrangers: Finansbank (Holland); International Commercial Bank of China; State Bank of India; Abu Dhabi Commercial Bank; Barclays Bank; HSBC; Wachovia Bank.
Arrangers are: Bank Pekao; Caixa Geral de Depositos; Export-Import Bank of the Republic of China; National City Bank; Sanpaolo IMI, London.
Managers: Banif – Banco Internacional do Funchal; Bank of Overseas Chinese; Banca Monte dei Paschi di Siena, Frankfurt; Banca Nazionale del Lavoro; Bre Bank; Rabobank Nederland.
