OREANDA-NEWS. On November 9, MDM Bank announced launching a one-year, USD 200 million equivalent dual-currency USD/EUR syndicated term loan facility, the bank's press service reports.

The initial mandated lead arrangers for this Facility are:

Agricultural Bank of China, Hong Kong Branch,
Commerzbank Aktiengesellschaft,
Erste Bank der Oesterreichischen Sparkassen AG,
ICICI Bank Hong Kong Branch,
KBC Bank NV,
Natixis,
Sumitomo Mitsui Banking Corporation Europe Limited, and
UniCredit Group (represented by Bayerische Hypo-und Vereinsbank AG).

Commerzbank, ICICI Bank, Natixis and SMBCE are joint bookrunners, SMBCE is the facility agent and Natixis - the documentation agent.

The interest rate for this Facility is 0.60% per annum over LIBOR/EURIBOR.

MDM Bank CEO Michel Perhirin commented: "We are pleased that in the current challenging market situation, multiple international banks have committed to arrange this Facility for MDM Bank at an attractive rate. We will use the proceeds of this syndicated loan for clients seeking trade-related financing and other trade-related projects."