TransCreditBank raised US$185 mln Syndicated Loan

The loan agreement was executed and delivered on August 11, 2008. The term of the loan is 1.5 years with the interest rate of LIBOR+1 % p.a.

BayernLB, Citibank, Commerzbank Aktiengesellschaft, Credit Suisse, Landesbank Baden-Wurttemberg, London Branch, Landesbank Berlin AG è WestLB AG, London Branch acted as authorized lead managers of the syndicate and bookrunners.

The US$150 mln deal which was announced on June 30, 2008 was positively received by the market. As a result, the syndication was completed in accordance with the pre-arranged schedule, with the book 25% oversubscribed.

Proceeds of the loan will be used to finance foreign trade projects of TransCreditBank’s clients.

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