Bloomberg News

Alfa Bank Signs $250 Million Loan for Trade and Corporate Growth

December 20, 2011

Dec. 19 (Bloomberg) -- Alfa Bank, Russia’s largest private lender, signed a $250 million loan for trade finance and general corporate purposes.

The one-year deal will pay initial interest at 175 basis points more than the London interbank offered rate, Alfa Bank said in an e-mailed statement today. The bank originally sought financing of $160 million, according to data compiled by Bloomberg.

Wells Fargo & Co. and WestLB AG coordinated the financing and also served as mandated lead arrangers and bookrunners along with Citigroup Inc. and HSBC Holdings Plc.

--Editors: Faris Khan, Andrew Reierson

To contact the reporter on this story: Louise Meeson in London at lmeeson@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net


Silicon Valley State of Mind
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus