ING Bank Joint Lead Managed Largest Ruble Loan in Russia
ING Bank N.V. acted as joint lead manager in the largest in Russia syndicated ruble facility for Russian Standard Bank. The loan amounts to 1.75 bln rubles (USD 96.41 million), the tenor of the loan is 12 months, interest rate set at 8.5%. The funds will be used to further develop Bank’s consumer lending program in Russia.
Six other banks joined the syndication: joint lead managers – ING Bank N.V., ZAO “International Moscow Bank”, “Dresdner Bank” ZAO, co-lead managers – Gazprombank, co-managers – ZAO “Raiffeisenbank Austria” and OAO “Khanty-Mansiysk Bank”.
Press enquiries: ING BANK (EURASIA) ZAO, Maria Teplukhina, tel: +7 095 755 51 70
