OREANDA-NEWS. December 26, 2007. URALSIB Leasing Company received the second USD 29.6 million tranche of a 5 years syndicated loan facility priced at LIBOR + 3%, the company's press service reported. The loan was received under a general agreement for the total amount of USD 200 million. Credit Suisse, Nordkap Bank AG and Bayerische Landesbank Paris Branch acted as arrangers of the loan. The funds are intended to refinance part of the leasing portfolio of the company and to implement new leasing projects.
 
"Receiving the second tranche of the syndicated loan amid the unstable situation in the international financial markets confirms the high level of trust among western banks in URALSIB Leasing company. URALSIB Leasing company received international rating of "B+" with Outlook stable from Fitch Ratings in November 2007 which proves the strengthening position of the company as an independent borrower in the international and Russian capital markets. The total amount of financing attracted by the company in the year 2007 has reached USD 600 million," said Elena Guschina, General Director, URALSIB Leasing Company.