OREANDA-NEWS. February 11, 2011. ZAO Raiffeisenbank has teamed up with Raiffeisen Bank International AG as one of mandated lead arrangers and bookrunners of a syndicated bi-currency loan to MDM-Bank equivalent to USD300 mn. Despite oversubscription MDM Bank decided against increase of the amount. As a result, the participation volumes of the banks in the syndicate were reduced, and the deal was signed for a loan equivalent to USD300 mn., reported the press-centre of Raiffeisenban.

The facility is issued in two tranches: one equal to USD150 mn maturing in one year after the deal was signed, and a three-year amortised tranche in the same amount. The loan will finance trading operations of MDM-Bank’s customers. LIBOR/EURIBOR margin of the first tranche is 2.2 per cent p.a., and for the 3-year tranche it is 3.5 per cent p.a.

Credit Agricole Corporate and Investment Bank, Credit Suisse AG, Erste Group Bank AG, HSBC Bank plc, ING Bank N.V, Raiffeisen Bank International AG joined by ZAO Raiffeisenbank, VTB Bank (Deutschland) AG and WestLB AG, London Branch act as mandated lead arrangers and bookrunners of the deal. Raiffeisen Bank International AG is the coordinating bank, while WestLB AG, London Branch is the syndicate agent.

This facility breaks the streak as the first three-year international loan syndication after crisis without participation of any international development bank.