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Promstroibank raised the syndicated credit

March 29, 2006 AK&M
Promstroibank signed an agreement on the syndicated credit worth $175mln, as it was informed by the bank.

The Bank of Tokyo-Mitsubishi UFJ and Raiffeisen Zentralbank Osterreich (RZB) are the arrangers.At the first stage of consideration $75mln were assumed to be raised but the bids exceeded the declared volume.

The raised funds will be used to finance export-import transactions with clients.
In Feb. 2005 the credit in the volume of $90mln at LIBOR+2.95% was raised.
  • Full name
    VTB Bank North-West
  • Registration country
    Russia
  • Industry
    Banks