CREDIT BANK OF MOSCOW repaid a USD 308 mln syndicated loan facility
29 November 2013 CREDIT BANK OF MOSCOW repaid in full a USD 308 mln trade-related syndicated loan facility. The proceeds were applied to finance trade-related operations of the Bank's customers.
The repaid twelfth loan was raised in November 2012 and became the largest transaction over the history of CBM. The pool of lead arrangers included 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). The loan's rate was fixed at a level of 240 b.p. (2.40%) over 6-month LIBOR.
CREDIT BANK OF MOSCOW is an active participant of the international capital markets with a track record of 12 international syndicated loans since 2003. For more information, please visit International Business section of our web site.