OREANDA-NEWS. March 22, 2007. The Loan was jointly arranged by Emirates Bank International and ICICI Bank, and largely involved Asian banks in addition to the participation of European banks. The one-year Loan is priced at LIBOR+60 basis points, and was joined by 28 lenders from 17 countries, reported the press-centre of  URALSIB.

"This transaction is very important for us, it follows the deal signed in February, which specifically targeted banks from Taiwan and Hong Kong, and the two deals together have significantly broadened our lenders' base and increased URALSIB's recognition in the whole Asian region. Alongside with a number of our traditional partners which joined the deal, most of the participants are the first-time lenders to URALSIB, and we are looking forward to doing more business with them in the future", - said Alexander V. Dementiev, Deputy Chairman of the Board of Directors of URALSIB BANK as well as Head of International Business Development.

The proceeds from the Loan will be used to finance trade contracts of URALSIB's corporate clients.