VTB raises $3.1 bln syndicated loan
MOSCOW. July 8 (Interfax) - VTB has raised a syndicated loan totaling $3.130 billion, the bank said in a statement.
The loan is for three years at LIBOR+1.3% interest.
The loan proceeds will be used for general corporate purposes, including debt refinancing.
The deal, which is the biggest syndicated loan to a bank in Central and Eastern Europe, includes 30 banks in 16 countries. The loan book runners and organizers include Bank of America Merrill Lynch, Tokyo-Mitsubishi, Barclays Capital, BNP Paribas, China Development Bank Corporation, Citibank, Commerzbank, Credit Agricole, Credit Suisse, Deutsche Bank, Goldman Sachs, ING Commercial Banking, J.P.Morgan, Mizuho, Morgan Stanley, The Royal Bank of Scotland, Societe Generale, SMBC and Wells Fargo Bank.
ING Commercial Banking and SMBC served as coordinators, SMBC was the document coordinator and the loan agent.
The deal was joined in the syndication stage by BoNY, Nomura International plc, Raiffeisenbank, Banco Bilbao, Pohjola Bank, Swedbank, KBC and Industrial and Commercial Bank of China.
RTS$#&: VTBR