`` GAZPROMBANK GETS RECORD 650 MILLION DOLLARS
Gazprombank attracted the largest banks in the history of Russia and the CIS syndicated loan from foreign credit institutions in the amount of $ 650 million over three years. According to the press service, the deal was attended by over 40 foreign banks. The total amount of funds provided by the creditor banks exceeded the initially planned amount of the loan is more than two times. Facility has an interest rate of LIBOR plus 1.5% per annum, - said the press service.
Almost immediately after the announcement of the attraction significant in the history of the CIS syndicated loan, the bank hurried to deny there was an assumption: the money will be used to finance the acquisition of Yuganskneftegaz. According to Chairman of the Board of Alexei Obozintseva, funds raised for general corporate purposes and will be used for lending to borrowers of different sectors of the economy . Obozintsev spoke at a briefing after the signing of the attraction of Gazprombank syndicated loan. Gazprombank is a subsidiary of the company Gazprom and is in third place among Russian banks by total assets.
As of September 30, 2004 its assets amounted to 9, $ 1 billion, reports RIA Novosti. Gazprombank is one of the largest borrowers in the international financial markets among Russian banks. Today, the aggregate amount of loans from abroad more than $ 2 billion.
