OAO BPS Bank has raised a one year $78m syndicated loan, paying 320bp over Libor. The initial loan size was $40m, so the loan was almost 100% oversubscribed during syndication. The proceeds were received by the bank on May 27.
The loan was arranged by Credit Suisse, Fortis Bank, Banco Finantia and Bayern LB. Banks from Germany, Austria, Hungary, Great Britain, Switzerland and other countries took part in the deal.
Issuer profile: JSC "BPS-Bank" is one of the largest Belarussian banks considering the volume of shareholders’ equity.
