OREANDA-NEWS. August 10, 2012. Ukrgasbank repaid USD 23 million syndicated loan provided by the group of international banks on 05 August 2008. ING Bank N.V. and Standard Bank Plc acted as mandated lead arrangers and bookrunners of the syndicated loan, reported the press-centre of Ukrgasbank.

14 banks from 9 countries took part in the loan. Interest rate was LIBOR+3.25% p.a. Proceeds of the loan were used to finance trade-related operations of Ukrgasbank customers.

“Repaying the syndicated loan, Ukrgasbank has fulfilled its obligations to foreign lenders. Timely repayment of the last outstanding installment under the loan attests to the reliability of Ukrgasbank as a financial institution”, commented Stanislav Shlapak, First Deputy Chairman of the Board of UKrgasbank.

For reference: The previous international syndicated loan worth USD 46 million raised in June 2007 with the interest rate of LIBOR +2.7% p.a. was repaid on 12 June 2008.