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Vnesheconombank raises a record syndicated loan

28.04.2011

Vnesheconombank signed an agreement in Moscow today with a number of leading foreign banks on raising a syndicated loan worth 2.450 billion dollars. The credit tenure is 3 years. The credit rate is 6-month LIBOR+1.3% per annum. The transaction was closed with a significant oversubscription as Vnesheconombank initially planned to raise a loan of 2 billon US dollars.

Currently the loan parameters are all-time high for the Russian syndicated loan market. The amount of loan received by Vnesheconombank is maximal compared to loans raised by Russian banks recently. 19 banks participated in the loan including the largest banks from Europe, the US and China.

Among the Mandated Lead Arrangers and bookrunners were The Bank of Tokyo-Mitsubishi UFG Ltd, Barclays Bank PLC, BNP Paribas, China Development Bank Corporation, Hong Kong Branch, Commerzbank Aktiengesellschaft, Credit Agricole Corporate and Investment Bank, Credit Suisse AG, HSBC Bank plc, Mizuho Corporate Bank Ltd, Societe Generale, Sumitomo Mitsui Banking Corporation Europe Limited.

Mandated Lead Arrangers were Banc of America Securities Limited, Citibank NA, London Branch, Goldman Sachs International, ING Bank N.V., JPMorgan Chase Bank, N.A., Morgan Stanley Bank International Limited, The Royal Bank of Scotland N.V. и WestLB AG, London Branch. Barclays Capital acts as the coordinator and paying agent of the syndicated loan.

The credit resources raised are to be used by Vnesheconombank to fund current investment projects.

 

Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru