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13.09.11

Raiffeisenbank of Russia as one of the mandated lead arrangers closes a USD 50 ml syndicated deal for JSC B&N Bank

ZAO Raiffeisenbank together with Raiffeisen Bank International AG, OJSC Alfa-Bank, JSC VTB Bank and VTB Bank (Deutschland) AG (together the Mandated Lead Arrangers or the MLAs) closed a USD 50,000,000 trade-related syndicated term loan facility for JSC B&N Bank.

The Facility with bullet repayment at maturity has a tenor of 364 days. The proceeds of the Facility will be used for financing and refinancing of the trade related projects of the Borrowers customers. The Facility pays a margin of 400 bps per annum.


ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 9th among the Russian banks in terms of assets, based on H1 2011 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. RBI is the only Austrian bank with a presence in both the worlds financial centres and in Asia, the groups further geographical area of focus. Around 60,000 employees service about 13.5 million customers through around 3,000 business outlets, the great majority of which are located in CEE. 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, the remainder is in free float. RBIs shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the countrys largest banking group, and serves as the group head office of the entire RZB Group, including RBI.

 

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