Finance & Credit Bank Attracts USD 60 mln Syndicated Loan
22 June 2008
According to a company press release, Finance & Credit Bank has drawn a one-year USD 60 mln syndicated loan at LIBOR+2%. Bayern LB, Commerzbank and Standard Bank organized the deal. Finance & Credit Bank placed its first Eurobond issue in November 2006 for USD 100 mln with a coupon of 10.375%, its debut syndicated loan in June 2006 for USD 35 mln for one-year at LIBOR+2.95% and another one-year syndicated loan in February 2007 for USD 70 mln at LIBOR+2.1%. Finance & Credit Bank is Ukraine’s 10th largest bank by assets and is a part of the Finance & Credit group controlled by Ukrainian businessman Konstantin Zhevago.
