"The loan includes two equal tranches with maturity in 12 and 18 months," the bank said in a statement. "The first tranche was raised at Libor+0.6% and the other at Libor 0.7%."
Germany's Commerzbank AG and WestLB AG, France's Societe Generale Group, Japan's Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE), London Branch (WestLB), and India's ICICI Bank acted as lead managers.
Promsvyazbank has already completed three syndicated transactions worth $825 million since early this year.
The bank was established in 1995. Its assets stood at 192 billion rubles ($7.5 billion) as of April 1, 2007, and its owner equity amounted to 21.6 billion rubles ($839.5 million).
The bank's major shareholders are Promsvyaz Capital BV registered in the Netherlands (84.68%) and Germany's Commerzbank Auslandsbanken Holding AG (15.32%).
