RLPC-Russian VEB loan pays L+2.75 pct margin-bankers

LONDON Dec 23 (Reuters) - Russian state-owned Vnesheconombank's (VEB) $875 million, three-year, dual-currency club loan pays a margin of 275 basis points (bps) over LIBOR/EURIBOR, banking sources close to the deal said.

Barclays is coordinating the loan, which is set to be signed shortly, one of the bankers added.

As previously reported, the loan has two tranches, split into a facility of over $700 million and a facility of around 100 million euros ($143.1 million). [ID:nLDE5BHOZX]

The loan, which was not underwritten, is being provided by 13 of VEB's core relationship banks and the borrower opted not to go to a further round of wider syndication.

The loan pays an all-in spread of over 350 bps, banking sources told Reuters Loan Pricing Corp previously. [ID:nLK154932]

VEB's last loan was a 335 million euro, three-year club deal signed in October 2008, which paid a margin of 75 bps over EURIBOR.

Prior to that, VEB signed an $800 million, three-year term loan in July 2006 that paid a margin of 35 bps over LIBOR. (Reporting by Christopher Mangham and Alasdair Reilly; Editing by David Holmes) ($1=.6986 Euro)