OREANDA-NEWS. August 22, 2011. ZAO Raiffeisenbank together with Credit Agricole CIB, Gazprombank (Open Joint-stock Company), HSBC, JSC VTB Bank and Rosbank acted as one of the mandated lead arrangers and bookrunners of the dual currency syndicated facility for Home Credit & Finance Bank, reported the press-centre of Raiffeisenbank.

The aggregate amount of the transaction is equivalent to USD 200 million, with the Facility provided in two tranches: USD 60 million and RUB 4.04 billion with a margin of 195 bps p.a. over Libor/MosPrime respectively. The initial maturity date is in one year, with a potential extension for an additional year.

The proceeds from the Facility will be used to finance HCFB’s continued expansion and to support further portfolio growth.

Raiffeisenbank also acts as a Facility Agent, Rosbank (Societe Generale Group) acted as a Coordinating Mandated Lead Arranger and Documentation Agent.