CREDIT BANK OF MOSCOW raised USD 308 mln syndicated loan
November 30, 2012 – CREDIT BANK OF MOSCOW has signed a USD 308 mln syndicated loan, its twelfth loan and the largest transaction in CBM’s history.
The 1-year syndicated loan will pay 240 bp (2.40%) over 6-month LIBOR and its proceeds will be applied to finance trade-related operations of the Bank’s customers. The lead arrangers were Banc of America Securities Limited, Barclays Bank PLC, Commerzbank Aktiengesellschaft, ING Bank N.V., Landesbank Berlin AG, Raiffeisen Bank International AG, Standard Chartered Bank, VTB Bank (Deutschland) AG, and Russia-based Gazprombank (Open Joint-stock Company) and Joint Stock Commercial Bank "ROSBANK" (Open joint-stock company).
"This deal evidences trust in the Bank as a first-class borrower, stable support from our international capital market partners, and the growing interest in the Bank shown by global players. CREDIT BANK OF MOSCOW is one of the leading players in the international business segment among Russian banks. With its annually increasing business volume and constantly growing number of partners CBM continues to promote its positions. It is also noteworthy that the Bank has succeeded in stepping up the credit amount and cutting the cost of funding compared to the previous transaction", stated Pavel Voronov, Vice-President, Director of International Business and FI Division of CREDIT BANK OF MOSCOW.
CREDIT BANK OF MOSCOW is an active participant in the international debt market. More information is available on our web site in the section International Business.