CREDIT BANK OF MOSCOW has been an active participant of the syndicated loan market since 2003.
28 March 2017 — CREDIT BANK OF MOSCOW signed a syndicated loan agreement for US$ 500 mln. It is the first such agreement for the Bank since March 2014 and its all-time largest syndicated deal, leaving behind all of the 13 previous transactions it had in more than 10 years. The Bank put together a diversified base of lenders from 11 countries of Europe, North America and Asia. The 364-day bullet-at-maturity transaction pays the lowest rate the Bank has ever had for similar financings. The loan will be utilised for general corporate purposes.
CITIBANK N.A., London Branch, OOO HSBC BANK (RR), ING BANK N.V., RAIFFEISEN BANK INTERNATIONAL AG, PJSC ROSBANK, COMMERZBANK AG and AO UNICREDIT BANK acted as Mandated Lead Arrangers and Bookrunners. They were joined by ICBC (Joint-Stock Company), HARBIN BANK CO., LTD. and J.P. MORGAN LIMITED as Lead Arrangers, and CREDIT SUISSE (SWITZERLAND) LTD. and LANDESBANK BADEN-WÜRTTEMBERG as Arrangers. ING BANK N.V. acted as Coordinator and Documentation Agent and ING BANK N.V., London Branch acted as Facility Agent.
24 March 2014 — CREDIT BANK OF MOSCOW has become the first Russian financial institution to sign a syndicated loan agreement in 2014, putting in place a facility for up to USD 500 million with a group of 17 high-quality lenders from 11 countries across Europe, North America and Asia. The facility is dual-currency (USD/EUR), has tenors of 364 days and 18 months, and carries interest rates of 6m LIBOR/EURIBOR + 1.75% p.a. (364-day tenor) and 6m LIBOR/EURIBOR + 1.95% p.a. (18-month tenor). Commerzbank Aktiengesellschaft, HSBC Bank (RR) (Limited Liability Company), ING Bank N.V., Raiffeisen Bank International AG, JSCB “ROSBANK” (Open joint-stock company), Sberbank CIB (on the basis of Sberbank of Russia) and VTB Bank (Deutschland) AG acted as Mandated Lead Arrangers and Bookrunners. They were joined by Citi, ICBC (Moscow) and ZAO UniCredit Bank as Lead Arrangers; and by BayernLB, CREDIT EUROPE BANK N.V., Intesa Sanpaolo Bank Ireland Plc, KBC Bank NV, Morgan Stanley, Oberbank AG and UBI Banca International S.A. as Arrangers. Commerzbank Aktiengesellschaft together with ING Bank N.V. acted as Joint Coordinators under the Facility.
30 November 2012 — CREDIT BANK OF MOSCOW signed a USD308mln syndicated loan agreement, its twelfth loan and the largest transaction in the Bank's history. The 1-year syndicated loan will pay 240 bp (2.40%) over 6-month LIBOR and its proceeds will be applied to finance trade-related operations of the Bank's customers. The lead arrangers were Banc of America Securities Limited, Barclays Bank PLC, Commerzbank Aktiengesellschaft, ING Bank N.V., Landesbank Berlin AG, Raiffeisen Bank International AG, Standard Chartered Bank, VTB Bank (Deutschland) AG, and Russia-based Gazprombank (Open Joint-stock Company) and Joint Stock Commercial Bank "ROSBANK" (Open joint-stock company).
17 November 2011 — CREDIT BANK OF MOSCOW signed a USD 131mln A/B structured syndicated loan agreement with the International Finance Corporation as arranger. The USD 40mln A Loan was granted by IFC for 5 years in September 2010 for the purpose of financing energy efficient and agricultural projects in Russia. The B Loan was provided by thirteen foreign commercial banks with Raiffeisen Bank International AG acting as the coordination agent and Amsterdam Trade Bank N.V., Commerzbank AG, ING, Landesbank Baden-Württemberg, Landesbank Berlin AG, Société Générale SA and VTB Bank (Deutschland) AG acting as Mandated Lead Arrangers and Bookrunners.
5 October 2010 — CREDIT BANK OF MOSCOW raised a USD 170 mln syndicated loan.
This was an A/B structured loan. The USD 40mln A Loan was granted by IFC for a 5-year period. The funds under the A Loan were used to finance energy efficient and agricultural projects in Russia. The USD 130mln B Loan was provided by 16 foreign commercial banks for 1 year. The Initial Mandated Lead Arrangers were Amsterdam Trade Bank N.V. and First Bank of Nigeria (UK); and the bookrunners were Commerzbank, ING, RZB and VTB Bank (Deutschland).
8 August 2008, London (UK) – A US $100 mln A/B structured syndicated loan facility agreement was signed for CREDIT BANK OF MOSCOW to finance its SME lending operations and export-import transactions of its clients. A USD30 mln 3-year A loan was granted by EBRD. The Initial Mandated Lead Arrangers of the USD70 mln B loan were Wachovia Bank, RZB, Commerzbank, Unicredit Group and EBRD.
24 September 2007, Frankfurt-am-Main (Germany) – A USD50 million trade-related syndicated loan facility agreement was signed for CREDIT BANK OF MOSCOW. The Mandated Lead Arrangers on the loan were Commerzbank and Standard Bank.
8 August 2007 – CREDIT BANK OF MOSCOW signed a USD30 mln Car Loans Receivables Backed Syndicated Term Loan Facility. Standard Bank (London) and Standard Bank (Moscow) acted as the Mandated Lead Arrangers.
30 May 2007 – A USD 80 mln syndicated term loan facility was signed in Vienna (Austria). The proceeds were used for development of the Bank's products and services. This was the first general purpose syndicated loan received by CBM. The Mandated Lead Arrangers were Commerzbank, RZB Group and UniCredit Group.
11 September 2006, London (UK) – CREDIT BANK OF MOSCOW (CBM) signed a USD53 mln syndicated term loan facility. The proceeds were used for trade-related financings of CBM's customers. The Mandated Lead Arrangers were Commerzbank and Standard Bank.
2 August 2006 – CREDIT BANK OF MOSCOW signed a 1-year extendible 20 mln USD Car Loans Receivables Backed Syndicated Term Loan Facility. The Mandated Lead Arrangers were Standard Bank (London) and Standard Bank (Moscow).
19 September 2005 – A USD 40 mln 1-year syndicated loan agreement for CBM was signed in Frankfurt am Main (Germany). The initial bid of USD 25 mln was boosted up by further USD 15 mln during the syndication to make a 60% oversubscription. Bankgesellschaft Berlin AG, Commerzbank and Standard Bank acted as the Mandated Lead Arrangers.
5 January 2005 – CBM signed a USD 10 mln half-year club deal facility agreement. The transaction was co-ordinated by Commerzbank.
6 November 2003 — CREDIT BANK OF MOSCOW raised its first syndicated loan in the amount of USD14 mln with a tenor of 1 year. The transaction was co-ordinated by Bankgesellschaft Berlin AG.