OREANDA-NEWS. February 18, 2010. Business new europe (bne) magazine voted MDM Bank’s USD 250 mln syndicated loan “Best Syndicated Loan” deal in Eastern Europe for 2009. Business new europe “Deals of the Year” poll was conducted for the first time and is based on opinions from issuers, investors and investment banks across the region covered by the publication. 

“MDM Bank was the first privately-owned Russian bank to sign an international syndication since the onset of the global credit crunch. <…> for much of the year it looked as if  the country’s banks, and especially those without the government backing, would be frozen out of the international  loan markets <…> MDM managed to break the logjam with its well-supported loan,” the bne editors mentioned. 

MDM Bank signed a USD 250 mln syndicated IFC B-loan facility on 30 October 2009. The Facility was launched at the initial amount of USD 175 mln equivalent, but was subsequently increased due to oversubscription and then scaled down to the final amount of USD 250 mln equivalent.  A total of 16 banks from 10 countries joined the Facility.  MDM Bank directs  the proceeds of this syndicated loan for trade-related financing and other trade-related projects undertaken by the Bank’s customers.