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.
Company — VTB Bank North-West
Full nameVTB Bank North-West