23 Jun 2008 15:05
23 June 2008
JSC VTB Bank
VTB signs U.S.$1, 400, 000, 000 Syndication Debt Facility Agreement
VTB is pleased to announce that it has signed a U.S.$1, 400, 000, 000 Syndicated Loan Facility with a group of international lenders.
The syndicated loan was lead-arranged and syndicated by 10 leading international financial institutions - The Bank of Tokyo-Mitsubishi UFJ, Barclays Capital (investment banking division of Barclays Bank PLC), BayernLB, BNP Paribas, Citibank N.A., London,
Deutsche Bank AG London Branch, Intesa Sanpaolo Bank Ireland plc, J.P. Morgan plc,
Mizuho Corporate Bank, Ltd., and Sumitomo Mitsui Banking Corporation Europe Limited.
The loan facility is split between the 18-month tranche and the three-year tranche and the proceeds will be used by VTB for general corporate purposes. The margins are L+60bp. and L+65bp., respectively.
Nikolai Tsekhomsky, Chief Financial Officer of VTB said: "The deal is the largest syndicated loan by volume for a Central and Eastern European financial institution this year. The fact that the facility was oversubscribed by $400m reflects strong market demand for VTB name. Also, the fact that Facility secured participations from a large and geographically diverse group of lenders, shows that the borrowers who are able to demonstrate a good track record of stable development, a defensible business case and a devoted group of relationship bankers, are still very much welcome in the lending market and have the capacity to generate healthy demand."
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Enquiries:
Investor Relations:
Tel.: +7 495 775 71 39
Email: investorrelations@vtb.ru
Media Relations:
Tel.: +7 495 783 1717
Email: pr1@vtb.ru
NOTES TO EDITORS
About VTB
VTB is a leading Russian universal banking group offering a wide range of banking services and products across Russia, certain CIS countries and selected countries in Western Europe, Asia and Africa. VTB is focused on providing banking products and services to Russian and CIS clients through its domestic and foreign operations and to foreign clients doing business primarily related to, or in, Russia and the CIS through its foreign banking subsidiaries and representative offices.
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