MOSCOW, February 21 (RIA Novosti) - A leading Russian state-controlled bank, TransCreditBank, has signed an agreement with a group of international creditors on a $100 million syndicated loan, the bank's press office said Tuesday.
The 364-day loan with a deferment option will carry a LIBOR rate plus 1.2%.
A total of 19 banks have syndicated the loan.
TransCreditBank will use the funds to finance the foreign trade operations of its clients.
Founded in 1992, Transcreditbank is a strategic partner of railroad monopoly Russian Railways, and is on a list of Russia's top thirty banks published by the Central Bank.
