CREDIT BANK OF MOSCOW repaid in full a US$100 mln syndicated loan facility


11 August 2011 CREDIT BANK OF MOSCOW fully repaid a US$30 mln 3-year A loan raised under A/B structured syndicated loan facility organized by the European Bank for Reconstruction and Development (EBRD).

The syndicated loan in the total amount of US$100 mln was raised in August 2008 and consisted of a US$30 mln 3-year A loan, a US$29.5 mln 1.5-year B1 loan and B2 loan in the amount of US$40.5 mln granted for a one-year period. The EBRD acted as a transaction arranger. Mandated Lead Arrangers of the US$70 mln B loan were Commerzbank AG, Raiffeisen Zentralbank Osterreich, Unicredit and Wachovia.

In August 2009 CBM repaid a US$40.5 mln B2 loan and B1 loan in the amount of US$29.5 mln was fully repaid in February 2010.

Thus, the obligations of CBM were fulfilled in full and in due time.