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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.

 











































Deutsche Bank AG London

Mandated Arranger

Standard Bank London Limited

Mandated Arranger

 

 

Commerzbank Securities

Arranger

Dresdner Kleinwort Wasserstein

Arranger

Parex Bank

Arranger

Union Bank of California NA

Lead Manager

Wachovia Bank, National Association

Lead Manager

Rabobank International

Manager

Nova Ljubljanska banka d.d.

Participant

Baden-Wűrttembergische Bank AG

Participant

BRE Bank SA

Participant

First International Merchant Bank Plc

Participant

 

 

 

MDM Financial Group is one of Russia ‘s three largest privately owned banking groups with total assets at December 31, 2002 of US$3.42bn and total equity of US$432.9mn.