×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

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:

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more