OJSC Bank ZENIT launched Syndicated Trade Related Finance Facility of USD 218,000,000

OJSC Bank ZENIT today announced that it has launched USD 218,000,000 Syndicated Trade Related Finance Facility. The loan proceeds will be used to finance foreign trade operations of its clients.

The Mandated Lead Arrangers of the Facility are Bayerische Landesbank (“BayernLB”), Commerzbank Aktiengesellschaft (“Commerzbank”), Erste Bank der oesterreichischen Sparkasse AG (“Erste”), Landesbank Berlin AG (“LBB”) и Raiffeisen Zentralbank Österreich AG (“RZB”). The loan has been raised at the interest rate of LIBOR + 1.45% for 1 year.

The facility was launched on 24 April 2008 at US$ 150,000,000. Due to the very positive response from the market, the deal was oversubscribed by almost 50% and the facility amount increased accordingly.


FOR REFERENCE:

The Syndicate:

Mandated Lead Arrangers
BayernLB
COMMERZBANK Aktiengesellschaft
Erste Bank
Landesbank Berlin AG
Raiffeisen Zentralbank Österreich Aktiengesellschaft

Lead Arranger
FBN Bank (UK) Ltd

Arranger
Demir-Halk Bank (Nederland) N.V.

Co-Arrangers
BRED Banque Populaire
Landesbank Baden-Württemberg, London Branch

Lead Managers
Bayerische Hypo- und Vereinsbank AG
GarantiBank International N.V.
OTP Bank Plc
VTB Bank (Deutschland) AG

Managers
AKA Ausfuhrkredit-Gesellschaft mbH
American Express Bank Ltd.
UniCredit Group
BANQUE BIA
CITI
J.P. Morgan Chase Bank, N.A.
Yapi Kredi Bank Nederland NV, Amsterdam