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03.02.11

ZAO Raiffeisenbank of Russia joins Raiffeisen Bank International AG as mandated lead arranger and bookrunner of a syndicated bi-currency loan facility to MDM-Bank

ZAO Raiffeisenbank has teamed up with Raiffeisen Bank International AG as one of mandated lead arrangers and bookrunners of a syndicated bi-currency loan to MDM-Bank equivalent to USD300 mn. Despite oversubscription MDM Bank decided against increase of the amount. As a result, the participation volumes of the banks in the syndicate were reduced, and the deal was signed for a loan equivalent to USD300 mn.

The facility is issued in two tranches: one equal to USD150 mn maturing in one year after the deal was signed, and a three-year amortised tranche in the same amount. The loan will finance trading operations of MDM-Bank’s customers. LIBOR/EURIBOR margin of the first tranche is 2.2 per cent p.a., and for the 3-year tranche it is 3.5 per cent p.a.

Credit Agricole Corporate and Investment Bank, Credit Suisse AG, Erste Group Bank AG, HSBC Bank plc, ING Bank N.V, Raiffeisen Bank International AG joined by ZAO Raiffeisenbank, VTB Bank (Deutschland) AG and WestLB AG, London Branch act as mandated lead arrangers and bookrunners of the deal. Raiffeisen Bank International AG is the coordinating bank, while WestLB AG, London Branch is the syndicate agent.

This facility breaks the streak as the first three-year international loan syndication after crisis without participation of any international development bank.


ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 9th among the Russian banks in terms of assets, based on 2010 results (Interfax-CEA).

Raiffeisen Bank International AG regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. More than 59,000 employees service about 15 million customers through around 3,000 business outlets, the great majority of which are located in CEE. RBI is the only Austrian bank with a presence in both the world’s financial centres and in Asia, the group’s further geographical area of focus. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, which is listed on the Vienna Stock Exchange; the remainder is in free float. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the group head office of the entire RZB Group, including RBI.

 

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