16 June 2004 01:37
Alfa Bank raises $120 mln loan
The loan agreement is to be signed on June 17 in London, he said.
The money will be allocated for one year with the option to extend
MOSCOW. June 16 (Interfax) - Alfa Bank is to raise a $120 million syndicated loan, a spokesman for the bank told
Interfax.
for a further year at Libor plus 3%. Interest will be paid twice a year.
Alfa Bank was ranked fourth by asset volume in the Interfax-100
list of Russia's banks as of April 1 2004. The list is compiled by the
The loan is being organized by Bank of Tokyo Mitsubishi, Bank WestLB, SanPaolo IMI Bank, and Natexis Banques
Populaires. About 35 foreign banks will form the syndicate.
"The money raised will be used to finance the export and import operations of our clients," the spokesman
said.
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