CREDIT BANK OF MOSCOW repaid US $53 mln. Syndicated Loan


10 September 2007 CREDIT BANK OF MOSCOW repaid the principal and interest amount on syndicated loan US $53 mln., a 364 day deal was signed September 11, 2006. Margin — LIBOR+2,50%.

Mandated Lead Arrangers were presented by Commerzbank AG and Standard Bank Plc. Lead Arrangers: Anglo-Romanian Bank (UK), Closed Joint Stock Company International Moscow Bank (Russia). Arrangers — BRE Bank (Poland), BRED Banque Populaire (France) and Wachovia Bank (The USA). Lead Managers — AKA Ausfuhrkredit (Austria), Icebank-Sparisjуdabanki Нslands hf (Island), London Forfaiting Company (UK), Nova Ljubljanska (Slovenia), OTP Bank (Hungary), Rietumu Banka (Latvia), UBAE-Arab Italian Bank (Italy). Managers — Adria Bank (Austria), Banif and Caixa Geral de Depуsitos (Portugal), Export-Import Bank of the Republic of China (Taiwan), Finansbank (Holland) NV (The Netherlands), Landesbank Baden-Wьrttemberg (Germany).

The proceeds were used for trade related financings of CBM clients.

At present, the 8th trade related syndicate is in process, the completion is planning in near weeks.