Russian Standard Bank to raise $200-250m syndicated loan in August

Russian Standard Bank intends to raise a syndicated loan amounting to $200-250m in August. The loan will have a one year tenor with a one year extension option, according to Dmitry Levin, the bank’s head of the Board. He noted that the bank had already repaid a major part of its foreign debt, namely a Eurobond issue, and its next big redemption was a syndicated loan maturing in August this year. Dmitry Levin also said that the bank did not plan another Eurobond issue this year as was engaged in a $1bn ECP programme.