OREANDA-NEWS. Alfa-Bank signed a 1-year term Club Loan Facility for 307 million US dollars, reported the press-centre of Alfa-Bank.

Alfa-Bank is the first private bank in Russia to raise foreign credit facilities in the current challenging liquidity-related market environment that has gripped most of the global banking community.

Alfa-Bank has self arranged the loan, making this Club transaction a unique event.

There were 21 banks involved in this Facility, including:
Alpha Bank
BNP Paribas
Commerzbank
First Gulf Bank
Fortis
HSBC
ICICI Bank Limited
ING Bank
Mashreqbank
National Bank of Greece
Sumitomo Mitsui Banking Corporation Europe Limited
Wachovia

The loan interest rate is 60 basis points above LIBOR.

This is the twelfth syndicated loan in a row drawn by Alfa-Bank in the international financial markets.

“It is especially pleasant to note that the loan, despite the difficult global liquidity situation, was larger than last year’s Club facility of US$220 million,” - said Maxim Topper, Managing Director, Head of International Banking and Financial Institutions at Alfa-Bank.