Gazprombank has signed a US$500mln Club Term Loan Facility
November 7, 2012
Gazprombank has signed a new 1-year US$500mln Club Term Loan Facility with a consortium of international financial institutions.
The facility carries a margin of 1.20% p.a. over LIBOR. The loan proceeds will be used for general corporate purposes, including the expansion of corporate loan portfolio.
«The new loan represents another step in implementing the long-term strategy of Gazprombank towards diversification and strengthening of its position in the capital market. The substantial level of interest of international financial institutions to participate in this deal reaffirms the reputation of Gazprombank as a high quality borrower», says First Vice President Igor Rusanov.
Company — Gazprombank
Full name"Gazprombank" (Joint-stock Company)