The Deposit Insurance Agency (DIA) entered into a subordinated loan agreement with International Bank of Saint Petersburg, and also signed an agreement as to monitor the lending institution's performance, DIA's PR department reported.
The bank was provided with federal loan bonds (OFZs) of five issues (No. 29006RMFS, No. 29007RMFS, No. 29008RMFS, No. 29009RMFS, and No. 29010RMFS) with total par value of Rub 803.04 mln. The subordinated loans will be repaid on January 22, 2025, February 24, 2027, September 26, 2029, April 28, 2032 and November 29, 2034.
"The interest rates on the bank's subordinated loans are equal to yield rates on relevant issues of OFZs plus 1%%," the agency said in a press release.
Overall, as part of the capital uplift program federal loan bonds for a total of Rub 792.2 bln were provided to 22 banks, DIA specified.
