OREANDA-NEWS. On April 10, 2009 Sviaz-Bank repaid its third syndicated US30 million loan in full, reported the press-centre of Sviaz-Bank.

The Bank used the loan to finance its clients’ foreign trade operations. The loan was unsecured and was taken out in April 2008 at an interest rate of LIBOR + 2.5% per annum for a period of 364 days.

The loan was underwritten by VTB Bank, UniCredit Bank, and Raiffeisen Zentralbank Osterreich AG. The underwriting group was joined by several international investors, in particular, OTP Bank Plc, VTB Bank (Deutschland) AG, BRE Bank SA, BRED Banque Populaire, LHB Internationale Handelsbank AG, BNP Paribas Ireland, and Yapi Kredi Bank Moscow (CJSC).