VTB Bank OAO Raising USD 2 Billion Syndicated Loan-Interfax
Interfax reported that VTB Bank OAO plans to sign a contract on March 11, 2013 to raise a three-year syndicated loan of USD 2 billion. The coordinator of the deal is Barclays. The return on the loan is LIBOR+150 basis points and the commission is LIBOR+120 basis points. VTB Bank OAO raised a loan of USD 3.13 billion at LIBOR+130 basis points in July 2012 in a deal coordinated by ING and SMBC, Loan Radar recalled.
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