Bloomberg News

Russia’s Transcapitalbank Obtains 65 Million-Euro One-Year Loan

June 01, 2012

Transcapitalbank JSC, a Russian bank, signed a 65 million-euro ($81 million) term loan, according to an e-mailed statement from lenders.

The one-year facility pays interest at 225 basis points more than benchmark rates and will be used to refinance the trade transactions of its customers, the lenders said.

Commerzbank AG, Credit Europe Bank NV, ING Groep NV, Isbank GmbH, Raiffeisen Bank International AG (RBI), Standard Chartered Plc and VTB Bank (Deutschland) AG arranged the financing, according to the statement. A basis point is 0.01 percentage point.

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


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