Support The Moscow Times!

Sberbank Borrows $1.5Bln

Sberbank has signed a $1.5 billion, three-year syndicated loan with 12 international lenders, marking the largest such deal in Central and Eastern Europe this year.

Bank of America Securities, Bank of Tokyo-Mitsubishi UFJ, Barclays, BNP Paribas, Citibank, HSBC, ING, JP Morgan, Mizuho and SMBC are lead arrangers and bookrunners on the deal, while Bank of New York Mellon joined as lead arranger and Commerzbank as joint arranger.

Barclays is acting as coordinator and paying agent.

Sberbank said it had secured the new loan with a 150 basis points margin over Libor — at parity with a $1.2 billion, three-year deal done by the bank last November.

(Reuters)

Related articles:

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.