Deutsche Bank AG London and Standard Bank London Limited have signed a one-year US$50mn syndicated trade related loan facility for MDM Bank, Moscow , the lead operating entity of MDM Financial Group. The loan is guaranteed by MDM Financial Group’s parent company, MDM Holding GmbH.
Funds will be on-lent to select customers of the borrower to finance specific trade transactions. The loan is for a tenor of one year and carries a margin of 2.95% pa, the lowest for a Russian private bank since 1998. Deutsche Bank AG London and Standard Bank London Limited were joint bookrunners.
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Deutsche Bank AG London |
Mandated Arranger |
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Standard Bank London Limited |
Mandated Arranger |
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Commerzbank Securities |
Arranger |
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Dresdner Kleinwort Wasserstein |
Arranger |
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Parex Bank |
Arranger |
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Union Bank of California NA |
Lead Manager |
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Wachovia Bank, National Association |
Lead Manager |
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Rabobank International |
Manager |
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Nova Ljubljanska banka d.d. |
Participant |
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Baden-Wűrttembergische Bank AG |
Participant |
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BRE Bank SA |
Participant |
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First International Merchant Bank Plc |
Participant |
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MDM Financial Group is one of Russia ‘s three largest privately owned banking groups with total assets at
