OREANDA-NEWS. On 18 July 2008 was announced, that Rosbank signed a USD 270 million Syndicated Term Loan arranged jointly by the Erste Bank der oesterreichischen Sparkassen AG, Landesbank Berlin AG, Raiffeisen Zentralbank Usterreich AG and WestLB AG, London Branch.

The Loan margin was fixed at 0.75% above LIBOR, with a bullet repayment after 1 year with a 1 year extension option.

The facility was launched on 7 May 2008 at USD 125 million. Due to the very positive response from the market, the deal was heavily oversubscribed and the facility amount increased.

Rosbank intends to use the loan facility for corporate and retail purposes.