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Open Joint-Stock Company “Promsvyazbank” USD 175,000,000 Syndicated Trade-Related Term Loan Facility
Open Joint-Stock Company “Promsvyazbank” (“Promsvyazbank”, “PSB” or the “Borrower”) has mandated Commerzbank Aktiengesellschaft (“Commerzbank”), Emirates NBD PJSC (“Emirates NBD”), ICICI Bank Limited – Bahrain Branch (“ICICI Bank”), ING Bank N.V. (“ING”) and Raiffeisen Zentralbank Österreich Aktiengesellschaft (“RZB”) (together the "Initial Mandated Lead Arrangers" and “Bookrunners”) to arrange a USD 175,000,000 Trade-Related Syndicated Term Loan Facility (the “Facility”) on its behalf. The Facility has a tenor of 12 months and carries a margin of 120bps p.a.
Proceeds under the Facility will be used by the Borrower to finance trade related contracts of its customers. The syndication was launched on 10th July 2008.
Click here for Arabic version.
Reported by: Corporate Communications
Reported on: 14.07.2008
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