OREANDA-NEWS. November 19, 2010. LOCKO Bank signed the USD 50,000,000 Syndicated Term Loan Facility. The Loan has A/B structure and was syndicated by International Finance Corporation (IFC). Amsterdam Trade Bank, Commerzbank, RZB and VTB Bank (Deutschland) are the Mandated Lead Arrangers for the B Loan. Other lenders are AKA Ausfuhrkredit-Gesellschaft, FBN Bank (UK), Adria Bank and Oberbank, reported the press-centre of LOCKO Bank.

The 4-years USD 20,000,000 A Loan was granted by IFC and will be utilized to finance the energy efficiency projects of LOCKO Bank’s clients. IFC will also provide its consultancy services to LOCKO Bank in developing new financing products aimed to support energy efficiency programs.

The 1-year USD 30,000,000 million B-Loan was syndicated in the market and pays 350 bps margin over Libor.

Dmitry Kruykov, Chairman of the Executive Board said: "The transaction is a success for us. This is our first post-crisis wholesale international borrowing, and we saw very good response both from our long-standing partners and new relationships, which confirms our positions as a reliable borrower. The potential of the market was much larger than the final loan amount and although we decided to borrow just the initially targeted amount we view this Facility as a step towards larger new deals in the year ahead – which is absolutely in line with our strategy of ambitious organic growth. We are also pleased to note that the new deal has further cemented our collaboration with IFC as part of our continuous effort to build strong partnerships with international financial organizations and development agencies”.