Belarusbank is to attract a syndicated loan in the amount of USD 105 mln (press-release)

A ceremony of signing of syndicated loan agreement in favor of Belarusbank was held in London in September 2007. The amount of loan is $105 mln while the declared volume on the market was $65 mln. The arrangers of the loan are Banco Finantia (Portugal), Bayern LB and Commerzbank (Germany), JSC VTB (Russia) and VTB Europe plc (Great Britain). The assets will be loaned for a period of 1 year with opportunity to prolong it for a similar period. Loan interest rate is LIBOR+3,0% p.a. This syndicated loan is the most favorable for Belorussian borrowers both in terms of the amount and cost.

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