Raiffeisen Bank Aval to Receive USD 100 mln Syndicated Loan
10 October 2008
Raiffeisen Bank Aval (BAVL: HOLD) will attract a one-year USD 100 mln loan at LIBOR+0.8%. Bayerische LB, HSBC, Intesa Sanpaolo and The Bank of Tokyo Mitsubishi, have been mandated to organize the loan. In April, the bank attracted a two-year USD 500 mln syndicated loan at LIBOR+1.2%. Look for this news to continue BAVL’s string of gains this month. The bank’s mid-market price has climbed almost 2% over the last five days.
