Russian Railways to obtain syndicated loan
Thu, 01/11/2007 - 14:55 — admin
It is worth mentioning that Russian Railways attracted a syndicated loan worth USD600m. The loan will be managed by RZB, Barclays Capital, Drezdner Kleinwort Wasserstein and HSBC.Among the participants of the syndicate are Bank Austria Creditanstalt, Calyon, KfW IPEX-Bank, Bank of Tokyo - Mitsubishi Ltd., Mizuho and West LB AG. The syndication of the loan was started on September 19, 2005. The credit will be provided to Russian Railways in two tranches - USD300m each. The first tranche will be allocated for five years at the LIBOR rate plus 75 basis points.