Russia's largest commercial lender Sberbank has closed a credit facility worth $1.2 billion. The three-year facility with a bullet repayment caries a margin of 150 basis point over the London interbank offered rate. Bookrunners and mandated lead arrangers had to be scaled back because of over-subscription.
Bank of Tokyo-Mitsubishi, Barclays Capital, BNP Paribas, Citi, HSBC Bank, ING Commercial Banking and J.P. Morgan were the mandated lead arrangers and bookrunners, Bank of America Securities and Sumitomo Mitsui Banking Corporation Europe joined as mandated lead arrangers and Goldman Sachs International was a lead arranger. Barclays Capital served as a coordinator and facility agent.
Click here for the release from Sberbank.