Support The Moscow Times!

Sberbank Raising $2Bln

Sberbank will pay interest of 150 basis points more than benchmark rates on a new $2 billion credit line, Andrei Golikov, head of treasury and financial markets, said Friday.

Barclays Capital is coordinating the three-year revolving credit, which will be marketed to a wider group of lenders next month, said two people familiar with the deal, who declined to be identified because the transaction is private.  

Thirteen banks have already been hired as arrangers, the sources said.


Read more