OREANDA-NEWS. December 24, 2013. Raiffeisenbank as one of the mandated lead arrangers successfully closes a RUR 5.5 bl syndicated loan deal for "CREDIT EUROPE BANK Ltd.", the Russian subsidiary of Credit Europe Bank N.V.

Along with Raiffeisenbank, the mandated lead arrangers are: JSC VTB Bank, Sberbank CIB*, Sviaz-Bank and UniCredit Bank. JSC VTB Bank is the facility agent and ZAO Raiffeisenbank acted as documentation agent.

The 1-year facility bearing an interest rate of 8.5% per annum with a 1-year extension option will be used for general corporate purposes of CREDIT EUROPE BANK, mainly, to finance the retail lending business of the borrower.