OREANDA-NEWS. September 24, 2008. Bank Soyuz has fully repaid a US50 mln syndicated loan it raised in September, 2007. The transaction was arranged by Commerzbank AG, Raiffeisen Zentralbank Osterreich AG, Raiffeisenbank Austria and Standard Bank Plc., reported the press-centre of Bank Soyuz.

The Facility, which paid a margin of 1.9% per annum over LIBOR and had the tenor of 364 days was used for general financial purposes.

The transaction, which was initially launched into syndication at USD 40 mln. was well received in the market and closed oversubscribed.

The syndicate was formed by the following banks:
Mandated Lead Arrangers:

Commerzbank AG

RZB Group

Standard Bank Plc.
Lead Arrangers:

VTB Bank (Austria)

Black Sea Trade & Development Bank

Landesbank Berlin

Managers:
AKA Ausfuhrkredit

N.V. DE INDONEZISCHE OVERZEESE Bank (The Indonesian Overseas Bank), Hamburg

Branch Oberbank AG