Russia’s Vneshtorgbank has been appointed mandated lead arranger of a Rb500mn debut syndicated loan for Commercial Bank Expobank.

The loan bears a fixed interest rate of 9.8% per year and has a maturity of six months (with an extension option for another six months).

Commercial Bank Expobank was founded in 1994 and provides retail and corporate banking services. The principal activities of the bank are operations with plastic cards and precious metals, deposit taking, operations with securities and activities in the financial markets.