OREANDA-NEWS. On 29 July 2009 was announced, that Transcapitalbank repaid USD  70 mln. Syndicated Trade Related Term Loan Facility. The Facility, which was used to finance foreign trade contracts of its customers, had a tenor of 364 days and a margin of 2.95% per annum + LIBOR.

The Initial Mandated Lead Arrangers and Bookrunners of the Facility were Banco Finantia, S.A., Commerzbank Aktiengesellschaft and VTB Bank (Deutschland) AG. Raiffeisen Zentralbank Osterreich AG has joined the Facility as Mandated Lead Arranger prior to the launch of the general syndication.

Despite the financial crisis and volatility on financial markets TCB follows to demonstrate the strong positions and confirms a status of a reliable international market borrower.