OREANDA-NEWS. March 23, 2011. Sviaz-Bank has been appointed managing underwriter of a 3 billion rubles syndicated loan to Belvnesheconombank OJSC to be repaid in one year, renewable for up to three years, reported the press-centre of Sviaz-Bank.

The borrowed funds are expected to be used for issuing loans to manufacturing enterprises in the Republic of Belarus.

As one of the most active players on the investment services market in Russia, Sviaz-Bank hopes to become a major partner of Belvnesheconombank in its transactions to tap capital markets for funds.

Belvnesheconombank OJSC is a subsidiary of Russia’s Vnesheconombank.