02.05.2007, 07:48
B.I.N.BANK Successfully Finalized Extension and Increase of Up to $52 Million of Its Trade-Related Syndicated Loan Facility
OREANDA-NEWS. B.I.N.BANK successfully finalized extension and increase of up to $52 million of its Trade-Related Syndicated Loan Facility dated April 06, 2006. The amount of new syndicated loan was increased to US$52 from $40 million while the pricing was reduced to LIBOR+2,8% from LIBOR+3,2%, reported the press-centre of B.I.N.BANK. The 364-day term renewed facility was arranged by LandesBank Berlin AG, Raiffeisen Zentralbank Oesterreich AG and OJSC VTB and was underwritten by 18 banks-lenders from different countries. Among them – new partners of B.I.N.BANK. B.I.N.BANK will apply amounts borrowed under the facility towards the trade related financing of B.I.N.BANK’s clients.
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