Svyaz-Bank, a subsidiary bank of Bank of Development (VEB), has carried out payment of the 3rd annual syndicated loan facility of $ 30 million According to the press service of the credit institution.
The loan is unsecured and brought the rate of LIBOR +2.5% pa for a period of 364 days.
Borrowed funds were used to fund foreign trade activities of the bank's clients.
The organizers of the loan were made by "VTB", "Yunikreditbank and Raiffeisen Zentralbank Osterreich AG. Along with the organizers of the syndicate of international investors include: OTP Bank Plc, VTB Bank (Deutschland) AG, BRE Bank SA, BRED Banque Populaire, LHB Internationale Handelsbank AG, BNP Paribas Ireland, Yapi Kredi Bank Moscow (CJSC).
Previously, it was reported that in 2006, "Relationship Bank" has attracted three syndicated loans totaling 87 million dollars, stated the report.
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