Rodovid Bank Attracts USD 14 mln Syndicated Loan

According to Interfax Ukraine, Rodovid Bank (RODB: BUY) announced in a press-release that it attracted a USD 14 mln syndicated loan, which was organized by Rosemount Global Trade Finance Fund, LHB Internationale Handelsbank AG and Law Debenture Trust Company of New York. The loan facility will be disbursed in two tranches scheduled annually, with the interest rate of LIBOR+3.25% for the first tranche and LIBOR+3.5% for the second one. Financing will be used to fulfill the export-import contracts of the bank’s clients.