Raiffeisen Bank Aval prepays another USD 150 mln on syndicated loan

Raiffeisen Bank Aval (BAVL) said in a statement posted on its website on Friday that it prepaid an additional USD 150 mln on its USD 500 mln syndicated loan. To date, the bank said it had repaid early USD 400 mln of the two-year facility, which it took in April 2007. Aval CFO Gerhard Boesch said that the bank intended to repay the remaining USD 100 mln of the facility upon its maturity on April 19, 2009. Aval also indicated that it will repay another USD 83.5 mln by end-July on a two-tranche USD 200 mln syndicated loan the bank was granted in July 2008; the second USD 116.5 mln is due in July 2010.