DGAP-News: BIN Bank: B&N Bank has drawn a syndicated loan amounted to $50m
(businesspress24) - EquityStory.RS, LLC-News: BIN Bank / Key word(s): Miscellaneous
BIN Bank: B&N Bank has drawn a syndicated loan amounted to $50m
14.09.2011 / 16:28
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September 13, 2011
B&N Bank has drawn a syndicated loan amounted to $50m
B&N Bank has signed a Facility Agreement in relation to a syndicated
trade-related term loan facility amounted to $50m. OJSC 'ALFA-BANK',
Raiffeisen Bank International AG, ZAO Raiffeisenbank, JSC VTB Bank and VTB
Bank (Deutschland) AG (acting as Facility Agent) acted as Mandated Lead
Arrangers ('MLAs') under the Facility.
The Facility with bullet repayment at maturity has a tenor of 364 days.
Interest rate on the Facility is LIBOR+4% p.a. The proceeds of the Facility
will be used for financing and refinancing of the trade related projects of
the Bank's customers.
Should you have any questions, please do not hesitate to contact Julia
Evdokimova, Investor Relations, tel: + 7 (495) 755 50 60 (ext.(9)2121),
e-mail: jevdokimova(at)msk.binbank.ru For any latest news and developments on
B&N Bank you can also refer to our web site www.binbank.ru.
End of Corporate News
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