The Bank raised US$100m
Bank “Saint Petersburg” attracted a US$100m syndicated loan arranged by Raiffeisen Zentralbank Osterreich AG, Standard Bank Plc, CJSC Standard Bank, OJSC Bank VTB, VTB Bank Europe plc. Standard Bank Plc. acted as an agent in the deal.
By the results of syndication the bid book was closed with 150% resignature. Thus, the initially declared sum of the deal at US$40m increased to US$100m. The loan is issued for 12 months with the possibility of its extension for another term. The interest rate is LIBOR+2.15% per annum. The funds will be allocated to finance the trade contracts of the Bank’s corporate customers.
25 banks from 10 countries acted as the Bank’s lenders, including Standard Bank Plc, ZAO Raiffeisen Austria, Raiffeisen Zentralbank Osterreich AG, OJSC Bank VTB, VTB Bank Europe plc, ICICI Bank Eurasia LLC, Anglo-Romanian Bank Ltd, Commerzbank Aktiengesellschaft, Credit Europe Bank N.V., Garanti Bank International N.V., HSBC Bank Plc, JPMorgan Chase Bank, N.A., OTP Bank Plc, FBN Bank (UK) Ltd, Landesbank Berlin AG, Wachovia Bank, CJSC International Moscow Bank, Adria Bank Aktiengesellschaft, The Bank of New York, Landesbank Baden-Wuerttemberg, UBS AG, Banco Finantia S.A., Trasta Komercbanka, Hipoteku Banka and Abanka Vipa.
“Certainly, the deal can be called a success”, Chairman Alexander Savelyev says. “A wide group of lenders shows their interest in our Bank. Last July we attracted the first syndicated loan of US$30m and in November we issued the Eurobonds at US$125m. Now we may say that we have entered the global capital market successfully, showed ourselves and, certainly, continue to raise the foreign finances for our projects.”