Raiffeisenbank Closes USD 50 mn Syndicated Deal for B&N Bank
OREANDA-NEWS. September 19, 2011. ZAO Raiffeisenbank together with Raiffeisen Bank International AG, OJSC "Alfa-Bank", JSC VTB Bank and VTB Bank (Deutschland) AG (together the "Mandated Lead Arrangers" or the "MLAs") closed a USD 50,000,000 trade-related syndicated term loan facility for JSC B&N Bank, reported the press-centre of Raiffeisenbank.
The Facility with bullet repayment at maturity has a tenor of 364 days. The proceeds of the Facility will be used for financing and refinancing of the trade related projects of the Borrower’s customers.
The Facility pays a margin of 400 bps per annum.
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