Russian Agricultural Bank Raised US$520 Million Syndicated Term Loan Facility
OREANDA-NEWS. On April 03, 2007 Russian Agricultural Bank raised US$520 million Syndicated Term Loan Facility. Deutsche Bank and ABN Amro have been jointly mandated to be bookrunners of the deal, reported the press-centre of Russian Agricultural Bank. The loan has two tranches of 18 and 36 month with correspondent rates LIBOR+0,3% and LIBOR+0,4%. The facility, which was heavily oversubscribed following successful senior and general syndication phases, was increased from US$300mn to US$520mn and represents RAB’s debut foreign currency syndicated loan. The proceeds of the Facility will be made available for general corporate purposes including, but not limited to, providing select customers of RAB with trade-related finance.
The following banks joined the Facility as MLAs: Barclays Capital, BayernLB, BNP Paribas Ireland, Citigroup, DEPFA Investment Bank Ltd, Dresdner Kleinwort, Export Development Canada, Fortis, HSBC Bank plc, J.P. Morgan plc, Landesbank Baden-Wurttemberg (LBBW) and Mizuho Corporate Bank, Ltd. In addition, a total of 7 other banks joined the Facility (Societe Generale Corporate & Investment Banking and Intesa Bank Ireland plc as Arrangers, DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Erste Bank, KBC Bank NV Dublin Branch and ZAO Svenska Handelsbanken as Lead Manager and Kommunalkredit International Bank Limited as Manager). RAB engaged in the deal first-rated world financial institutions due to its good investment appeal, stable reputation and strong ties with international credit and financial organizations.
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