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