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VTB Obtains $3.13B Loan

VTB Group has secured a $3.13 billion syndicated loan.

VTB Group has secured a $3.13 billion syndicated loan, The Wall Street Journal reports. The three-year term credit facility was led by ING Groep and Sumitomo Mitsui Financial Group,adds Bloomberg.

The Russian lender intends to use the proceeds for debt refinancing and general corporate purposes. The book runners lead arrangers for the loan included Bank of America, Barclays and Morgan Stanley.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Bloomberg.

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