OREANDA-NEWS. VTB Bank and Raiffeisen Zentralbank Osterreich AG acted as arrangers of a USD32 mln syndicated loan for OJSC CB Svyaz Bank to mature in 12 months at LIBOR + 2.50% annual interest rate, the VTB Bank press-service reports. Investors’ bids exceeded the initially planned amount of the loan (USD30 mln) and reached USD32 mln.

Among the syndication members there are: OTP Bank Plc (Co-manager), Banco Finantia S.A., VTB Bank (Austria) (Lead-managers), BRE Bank SA, Icebank, JSC “NORVIK BANKA”, LHB Internationale Handelsbank AG (Co-lead managers); Nova Ljubjanska bank d.d., Ljubljana, Raiffeisenlandesbank Karten and Raiffeisenlandesbank Niederosterreich-Wien (Managers).   

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OJSC CB Svyaz Bank was established in 1991 and presently is among the TOP 30 largest Russian banks (according to the Bank of Russia), and is also among 100 largest banks of the CIS in terms of its assets and equity. The Bank has "В2"/"NP" ratings from Moody’s, as well as "E+" financial strength rating, "Stable Outlook".