On September 19, 2006 Alfa-Bank signed a US $220 million Trade-Related Short-Term Club Loan.
The 364-day term facility was arranged by ALPHA Bank A. E., Commerzbank AG, Dresdner Bank AG, Fortis Bank S. A./N. V., HSBC Bank plc, ICICI Bank UK Limited, J. P. Morgan plc, Mashreqbank PSC, National Bank of Greece S. A., UBS AG and Wachovia Bank NA. It is priced at 45 basis points over LIBOR and upon maturity can be extended for a second consecutive 364-day period. The facility was underwritten by Alfa-Bank closest partner banks from different countries.
“This is a new transaction format for Alfa-Bank and we have found it as an effective and quick instrument to support our constantly growing lending business”, says Maxim Topper, Managing Director of Alfa-Bank.
