On May 31, 2006 Alfa-Bank signed a US $438 million Trade-Related Term Syndicated Loan, the biggest syndicated loan for a Russian private bank ever.
The 364-day term facility was arranged by Abu Dhabi Commercial Bank, ALPHA Bank A. E., The Bank of Tokyo-Mitsubishi UFJ, Ltd., Dresdner Kleinwort Wasserstein — the investment banking division of Dresdner Bank AG, Emirates Bank International PJSC, Fortis Bank S. A./N.V., Mizuho Corporate Bank, Ltd., Natexis Banques Populaires, National Bank of Greece S.A., SANPAOLO IMI BANK IRELAND PLC, State Bank of India, Sumitomo Mitsui Banking Corporation Europe Limited. It is priced at 50 basis points over LIBOR and upon maturity can be extended for a second consecutive 364-day period. The facility was underwritten by 45 Banks-Lenders from different countries.
“This is another record transaction for Alfa-Bank and is a clear sign of increased international investor confidence in the Russian banking system and the country in general. This funding will help Alfa-Bank compete more efficiently in the domestic lending business and maintain our leading position in the rapidly developing Russian financial sector”, says Maxim Topper, Managing Director of Alfa-Bank.
