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Rosbank takes out syndicated loan
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| 11.07.2008 - RBC |
Rosbank takes out syndicated loan
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Rosbank has raised a $270m syndicated loan, the bank said in a statement today. The loan was secured for general corporate purposes and the funding of documentary operations. The maturity period of the loan is one year, with the option of extending it by another year, and the interest rate has been set at LIBOR plus 0.75 percent. The loan was organized by Erste Bank, Landesbank Berlin, Raiffeisen, and WestLB. |
Issuer profile: Joint Stock Commercial Bank “ROSBANK” (Open joint-stock company) is one of the largest privately owned banks in Russia (it operates about 650 outlets, including 67 branches, in the majority of Russia’s regions). ROSBANK has consistently maintained its presence as one of the top 10 banks in Russia.
Interros, a holding company, is the principal shareholder of ROSBANK. In June 2006 French bank Societe Generale acquired a 10% minority stake in ROSBANK. In September 2006 Societe Generale increased it’s share in capital of ROSBANK to 20%.
The Banker magazine (2006, July) ranked ROSBANK 511th among banks globally in terms of shareholders’ equity, which makes it the fastest growing Russian bank and one of 51 banks globally that moved up more than 100 positions in one year.
ROSBANK’s primary activities include retail and corporate banking, investment banking, treasury related operations, trade finance, asset management, private banking, custody and depositary services, international and domestic settlement services, credit card services. Outstanding issues: 2 issue(s) outstanding worth RUR 10 000 000 000 2 issue(s) outstanding worth USD 430 000 000
Issuer's rating:
| Standard&Poor's |
BB+/Stable |
Int. Scale (foreign curr.) |
09/22/2008 |
| Standard&Poor's |
BB+/Stable |
Int. Scale (loc. curr.) |
09/22/2008 |
| Standard&Poor's |
ruAA+ |
National Scale (Russia) |
09/22/2008 |
| Moody's |
Baa3/Positive |
Int. Scale (foreign curr) |
02/18/2008 |
| Moody's |
Baa3/Positive |
Int. Scale (loc. curr.) |
02/18/2008 |
| Fitch Ratings |
A-/Stable |
Int. Scale (foreign curr.) |
02/18/2008 |
| Fitch Ratings |
AAA(rus)/Stable |
National Scale (Russia) |
02/18/2008 |
| Fitch Ratings |
A-/Stable |
Int.l Scale (local curr.) |
02/18/2008 |
| Moody's Interfax Rating Agency |
Aaa.ru |
National Scale (Russia) |
02/18/2008 |
| National Rating Agency |
AAA |
National scale (Russia) |
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| Rus-Rating |
BBB+/Stable |
National scale (Russia) |
07/16/2008 |
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