Belarusbank signs another USD 60 million syndicated loan agreement


29 January 2010, Minsk - Belarusbank signed a loan agreement, the latest in a series of six syndicated loans, amounting to USD 60 000 000. The Bank became the first to enter the international debt capital market in 2010 among Belarusian borrowers. The successful syndication generated a broad and positive foreign investor response resulting in a nearly twofold oversubscription for the loan.

Intesa Sanpaolo S.p.A. (Italy) and JSC VTB Bank (Russia) acted as the original mandated lead arrangers, and the OTP Group (represented by OTP Bank Plc., Budapest and JSC OTP Bank, Moscow), JSC Alfa-Bank (Russia) and VTB Bank (Deutscland) AG (Germany) acted as the mandated lead arrangers.

 "Belarusbank's project implementation in a new, unstable and shaky landscape of the international financial market proves that foreign investors are highly interested in doing business with Belarusian borrowers", commented a representative of a lead arranger.

Belarusbank plans to increase its presence in the international financial market and to continue raising foreign funds for the economy of the Republic of Belarus to ensure a dynamic economic growth and to meet the forecasted indicators of social and economic development and major guidelines of the monetary policy of the Republic of Belarus for 2010.   

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