MOSCOW, September 26 (RIA Novosti)-Russian Railways, a railroad transportation monopoly, announced Monday that it had secured a $540 million loan from a syndicate of foreign banks.
The syndicate included the four organizers of the loan: Barclays Capital, Dresdner Kleinwort Wasserstein, HSBC Holdings, Raiffeisenbank, which each extended loans of $60 million. Another six banks - Tokyo-Mitsubishi Bank, Mizuho Corporate Bank, KfW, Bank Austria Creditanstalt, WestLB, and Calyon - provided loans of $50 million.
Russian Railways said the monopoly's president, Vladimir Yakunin, and senior vice president, Fyodor Andreyev, were to hold company presentation for investor banks in London on Monday as part of work to hit its loan target of $600 million.
Andreyev said 90% of target had been secured on September 19. He added it was the company's first major loan on the international capital market.
