Syndicated Loans

Current loans


2010
US$ 250 mln	June – PSB has raised a US$ 250 million syndicated loan. The EBRD is the lender of record for the new syndicated loan and used its own funds to finance the $100 million A portion, which will have a three-year maturity. The maturity of the $150 million B loan syndicated to commercial banks will be one year. The B loan interest rate is LIBOR+ 2.75% per annum. The B Lenders will include as B Loan Mandated Lead Arrangers Commerzbank AG, CREDIT SUISSE AG, HSBC BANK PLC, ING BANK N.V., Oversea-Chinese Banking Corporation Limited, The Royal Bank of Scotland N.V., Raiffeisen Zentralbank Osterreich AG, Standard Chartered Bank, Unicredit Bank Austria AG , VTB Bank (Deutschland) AG, WestLB AG, London Branch. Proceeds will be used to finance PSB loan portfolio, including trade finance transactions.

Repaid loans


2008
US$ 280 mln	August - PSB received a 12-month syndicated loan facility in the total amount of US$ 280 million. Commerzbank AG, Emirates NBD, ICICI Bank Limited - Bahrain Branch, ING Bank N.V. and Raiffeisen Zentralbank Oesterreich AG acted as the Initial Mandated Lead Arrangers of the facility. The interest rate is Libor + 120 bps. The funds will be used for the financing of trade related contracts of PSB’s clients
US$ 175 mln	April - PSB received a 12-month syndicated loan in the total amount of US$ 175 million. The lead managers of the deal included Bayerische Landesbank, Calyon, HSBC Bank plc, Oversea-Chinese Banking Corporation Limited, as well as UniCredit Markets & Investment Banking as represented by Bayerische Hypo- und Vereinsbank AG. The interest rate is Libor + 1%. The funds will be used for the financing of foreign trade operations of PSB’s clients. The deal was oversubscribed by US$ 150 million.
2007
US$ 400 mln	July - US$400 million syndicated loan from a group of international banks, with Commerzbank Aktiengesellschaft (“Commerzbank”) Societe Generale Group, Sumitomo Mitsui Banking Corporation Europe Limited (“SMBCE”), WestLB AG, London Branch (“WestLB“), and ICICI Bank acting as lead arrangers. The loan consists of two equal tranches maturing in 12 and 18 months, respectively. The margins for the first tranche are Libor +0.6% and the second tranche – Libor +0.7%.
US$ 125 mln	May – US$125 million syndicated loan facility for 1 year with a margin of 0.70 per annum. This is the first syndicated loan for a Russian bank, in which only investors from the Middle East have been invited to participate. Emirates Bank, Fortis Bank S.A/N.V and Mashreq acted as Mandated Lead Arrangers.
US$ 300 mln	April - US$300 million syndicated EBRD A/B Loan Facility with A loan for 5 years and B loan for 3 years. The margin on the B-loan is 1.00% per annum. The European Bank for Reconstruction and Development, Calyon, HSBC Bank plc and Raiffeisen Zentralbank Oesterreich AG acted as Mandated Lead Arrangers
2006
US$ 205 mln	July - US$205 million 1-year trade-related Syndicated loan facility, margin is 1.1% p.a. Mandated Lead Arrangers - Commerzbank AG, Dresdner Kleinwort and SMBCE
US$ 200 mln	February – US$200 million 18-month syndicated trade finance facility. The margin over LIBOR is 1.75%. Mandated Lead Arrangers - The Bank of Tokyo-Mitsubishi, Ltd., Natexis Banques Populaires and Sumitomo Mitsui Banking Corporation Europe Limited.