Syndicated loans

CBM was first in the market in 2003.

On 17 November 2011 CREDIT BANK OF MOSCOW signed agreement on raising USD 131mln syndicated loan under A/B structured syndicated loan with IFC acting as transaction arranger. The A Loan in the amount of USD 40mln was granted by IFC for a 5-year period in September 2010 for the purpose of financing energy efficient and agricultural projects in Russia.

The B Loan was provided by thirteen foreign commercial banks with Raiffeisen Bank International AG acting as a coordination agent of the facility and Amsterdam Trade Bank N.V., Commerzbank AG, ING, Landesbank Baden-Wuerttemberg, Landesbank Berlin AG, Societe Generale SA and VTB Bank (Deutschland) AG being Initial Mandated Lead Arrangers and bookrunners. The B loan has a tenor of 1 year and a 225 b.p. (2.25%) margin over a 6-month LIBOR. The funds under the B Loan will be used to finance trade business.

CBM`s another important achievement on this count was the first ever asset backed syndicated loan in Russia whereby the size and high quality of CBM`s car loan portfolio enabled it to raise $20 MM in 2006 from a syndicate of international banks by means of a unique security structure that can be viewed as an alternative to classic securitization.