On Thursday (3rd of November 2005) Alfa-Bank signed US $275 million Trade-Related Term Syndicated Loan — the biggest Syndicated Loan for a Russian private bank ever.

The Facility

The 364-day term facility was arranged by ALPHA Bank A. E., the Bank of Tokyo-Mitsubishi, Ltd., Commerzbank Aktiengesellschaft, Dresdner Bank AG, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Finansbank Holland, GarantiBank International N. V., HSBC Bank plc, ICICI Bank Limited, National Bank of Egypt (UK) Limited, National Bank of Greece S.A., Standard Bank Plc, State Bank of India, Sumitomo Mitsui Banking Corporation Europe Limited and WestLB AG, London Branch. It is priced at 100 basis points over LIBOR and upon maturity can be extended for a further one consecutive 364-day period. The facility was presented by 38 Banks-Lenders from different countries.

“We are proud to have established many new relationship with financial institutions around the world, for which, these deals have been their first ever transactions in Russia”, says Maxim Topper, Senior Vice-President of Alfa-Bank.