International Industrial Bank has signed an agreement on the attraction of an $80 mln 12-month syndicated loan at LIBOR + 2%, the lending institution said in a press release Wednesday.
The transaction was initiated by Mezhprombank this July, targeting $75 mln, and was wrapped up with $5 mln oversubscription. Authorized arrangers involved ABN Amro Bank N. V., Banco Finantia SA, Credit Suisse, Landesbank Berlin AG and Standard Bank Plc. Standard Bank acted as agent for the loan facility. 10 foreign banks, including the arrangers, took part in loan syndication.