MDM Bank Signs 1-year, USD 250 mln Equivalent Dual-Currency USD/EUR Syndicated Term Loan Facility

17.12.2007 16:56

MDM Bank is pleased to announce that on Friday, 14 December the Bank signed a one-year, USD 250 million equivalent dual-currency USD/EUR syndicated term loan facility.

The Facility was launched at the initial amount of USD 200 million equivalent, but was subsequently increased due to oversubscription and then scaled down to the final amount of USD 250 million equivalent. A total of 22 banks from 18 countries joined the facility. The interest rate for this Facility is 0.60% per annum over LIBOR/EURIBOR.

The initial mandated lead arrangers for this Facility are Agricultural Bank of China, Hong Kong Branch, Commerzbank Aktiengesellschaft, Erste Bank der oesterreichischen Sparkassen AG, ICICI Bank Hong Kong Branch, KBC Bank NV, Natixis, Sumitomo Mitsui Banking Corporation Europe Limited, and UniCredit Group (represented by Bayerische Hypo-und Vereinsbank AG).

Commerzbank, ICICI Bank, Natixis and SMBCE are joint bookrunners, Bayerische Landesbank is the facility agent and Natixis documentation agent. MDM Bank will use the proceeds of this syndicated loan for trade-related financing and other trade-related projects of the Bank’s customers. Commenting on the new loan facility, MDM Bank CEO Michel Perhirin said: “I am very pleased that despite global liquidity difficulties, MDM Bank not only attracted financing at an attractive rate, but was able to increase the size of the facility due to high demand. I am also pleased to note the trust and confidence in MDM Bank shown by the banks participating in this syndication.”

MDM Bank

MDM Bank was founded in December 1993 and holds a General Banking License issued by the Central Bank of Russia (#2361 dated 13 February 2003). It is one of the most dynamically developing banks in Russia and is among the top Russian banks according to assets and equity. Today, MDM Bank is a modern universal financial institution offering a full range of services to its clients.

MDM has one of the highest credit ratings among privately-owned Russian banks: Standard & Poor’s (BB, stable), Fitch Ratings (BB, stable) and Moody’s (Ba1, stable), and is the only Russian financial organization that has been given a public corporate governance rating by Standard & Poor’s (6+).

In 2006 and 2007, Standard & Poor’s awarded MDM Bank the highest ranking in its study of ‘Transparency and Disclosure by Russian banks’.

The Bank in October 2006 was also regarded by Euromoney magazine as “one of the leading banks in Russia and Emerging Europe, applying the most advanced standards of corporate governance.”

MDM Bank has received a number of awards from Global Finance magazine:

2005 – ‘Best Domestic Bank’ and ‘Editor’s Special Award for Transparency’.

2006 – ‘Best Forex Bank’, ‘Best Domestic Bank’, ‘Best Domestic M&A Arranger’, and ‘Best Bank in Corporate Governance’. In October 2006, Euromoney magazine awarded MDM Bank ‘Leading Bank in Corporate Governance in Emerging Europe’.

2007 – ‘Corporate Governance Editor’s Award’, and ‘Best Forex Bank’.

Inquiries:

Investor Relations                                                                  Public Relations
+7 495 221 30 75                                                                      +7 495 363 27 41

17.12.2007 17:27

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