Mandated lead arranger and bookrunner Raiffeisenbank Austria has closed a Rb300mn financing for KEDR Bank, a private bank in Siberia.
The facility was arranged as a club deal term loan facility, with IMB and Center-Invest Bank joining as co-arrangers, and MDM Bank and Zapsibcombank joining as arrangers. The facility was signed on August 16.
It has a one-year initial maturity, with an option to increase by a further year. Repayment will be made in bulk upon maturity, and it pays a fixed rate margin of 9.60%.