PSB opens Russian FI loans with $250m signing

01 Jun 2010

Promsvyazbank (PSB) has signed a $250m EBRD ‘A/B’ facility, becoming the first Russian financial institution to tap the syndicated loan market this year.

The borrower, rated Ba2/B/B+ and Russian’s 10th biggest bank by assets, is paying a margin of 275bp for its $150m one year ‘B’ tranche and an all-in of 430bp, EuroWeek understands. Eleven banks committed to this part of the loan on a clubbed basis. They were: Commerzbank, Credit ...

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