CREDIT BANK OF MOSCOW repaid first tranche under EBRD syndicated loan


August 11, 2009 – CBM repaid first tranche under A/B syndicated loan raised from European Bank for Reconstruction and Development (EBRD). A US$40.5mio tranche was granted for the period of 1 year. EBRD acted as a lender of record, while Mandated Lead Arrangers of B loan were Commerzbank, Raiffeisen Zentralbank Osterreich, UniCredit and Wachovia.

Syndicated loan in the amount of US$100mio was raised in August 2008 and consists of: A loan in the amount of US$30mio with 3-year maturity, B loan in the amount of US$70mio divided into B1 tranche in the amount of US$29.5mio with 1.5-year maturity and B2 tranche in the amount of US$40.5mio with 1-year maturity.