OREANDA-NEWS. Today PSB signed one-year USD 165 million and €105 million trade-related term loan facility agreement (total equivalent of USD 300 million).
Interest rate  is 1.75 per cent. over LIBOR/EURIBOR per annum which is an improvement to last year deal. The Facility was well received in the market with commitments from 22 banks from 11 countries resulting in a significant oversubscription. Thishighlights the success of the transaction and the strong relationships that Promsvyazbank enjoys with its partner banks.
PSB President Artem Konstandyan comments on the transaction: "We are pleased with the results of this transaction. This is our 14th global public syndicated loan since 2003. Once again, PSB has reaffirmed its reputation of the reliable partner and the borrower  in the financial markets."

Banс of America Securities Limited, COMMERZBANK Aktiengesellschaft and UniCredit Group acted as joint Coordinators.