The 364-day term facility is priced at 50 basis points over LIBOR and upon maturity can be extended for a second consecutive 364-day period.
"The facility was underwritten by 45 banks - lenders from different countries," Alfa-Bank said in a news release.
The loan was arranged by Abu Dhabi Commercial Bank, ALPHA Bank A. E., The Bank of Tokyo-Mitsubishi UFJ, Ltd., Dresdner Kleinwort Wasserstein, Emirates Bank International PJSC, Fortis Bank S. A./N.V., Mizuho Corporate Bank, Ltd., Natexis Banques Populaires, National Bank of Greece S.A., SANPAOLO IMI BANK IRELAND PLC, State Bank of India, Sumitomo Mitsui Banking Corporation Europe Limited.
Alfa-Bank is among Russia's 30 largest banks. According to audited financial accounts for 2005, Alfa-Bank Group's assets stood at $9.8 billion, net profit at $180.6 million, equity capital at $855.5 million, and loan portfolio at $5.7 billion.
