On Friday Alfa Bank signed US $65 million Trade-Related Term Syndicated Loan and on 24th November extended another syndicated Facility signed a year ago for US $41 million
29 Nov 2004
The new Facility is a 364-day term loan was arranged by The Bank of Tokyo-Mitsubishi Ltd., Natexis Banques Populaires, Commerzbank AG and Demir-Halk Bank (Netherlands) N.V. It is priced at 175 basis points over LIBOR and upon maturity can be extended for a further one consecutive 364-day period. The facility was presented by 15 Banks-Lenders from different countries. "During this year we raised more than US $260 million from international market by way of syndicated loans and promissory notes, which we consider as a serious accomplishment for a private Russian bank in current market conditions. The proceeds from this loan will be used to finance trade-related projects for our most important clients", says Maxim Topper, Senior Vice-President of Alfa Bank. On 17th June 2004 Alfa Bank signed US $120 million 364-day Trade-Related Term Syndicated Loan at a price 200 basis points over LIBOR. This facility was arranged by The Bank of Tokyo-Mitsubishi Ltd., Natexis Banques Populaires, SANPAOLO IMI S.p.A. and WestLB AG.
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