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MDM Bank Launched 1-year, USD 200 mln Equivalent Dual-Currency USD/EUR Syndicated Term Loan Facility

09.11.2007 19:06

Moscow, 9 November 2007 - Today MDM Bank is pleased to announce that on 8 November 2007, the Bank launched a one-year, USD 200 million equivalent dual-currency USD/EUR syndicated term loan facility.

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, SMBCE is the facility agent and Natixis documentation agent.

The interest rate for this Facility is 0.60% per annum over LIBOR/EURIBOR.

MDM Bank CEO Michel Perhirin said: “We are pleased that in the current challenging market situation, multiple international banks have committed to arrange this Facility for MDM Bank at an attractive rate. We will use the proceeds of this syndicated loan for clients seeking trade-related financing and other trade-related projects.”


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


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09.11.2007 19:20

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