Credit Suisse to loan Ukravtodor USD 465 mln

The Cabinet of Ministers, in a Jan. 21 resolution, provided for state guarantees that will allow Credit Suisse to loan state owned automobile-infrastructure service agency Ukravtodor USD 465 mln. The Cabinet of Ministers said that the rate should be no more than LIBOR+8%. The structure of the deal provides for the sale of half of Ukravtodor’s debt owed to Morgan Stanley (of a USD 930 facility drawn in 2007), on which Morgan Stanley had been requesting early repayment.