BANK OF DEVELOPMENT OF BELARUS HAS INVOLVED SYNDICATED LOAN AT 50 MILLION EURO

The Development Bank of Belarus has attracted a syndicated loan for 50 million euros for 18/24 months in the Russian financial market. Such information is posted on the bank's website, BelTA informs.

The transaction was implemented under the patronage of PJSC Bank "FC Opening", acting as the organizer, creditor and credit manager (agent bank). The pool of creditors included JSC AKB Novikombank, PJSC Ak Bars Bank, JSC VUZ-Bank, PJSC Bank URALSIB, JSC Nefteprombank, JSC Bank Finservice. The resources have already been transferred to the account of the Development Bank.

"For us it was a very interesting experience, first of all, the transaction was being implemented in a new legal field.On 1 February 2018, the law of the Russian Federation" On syndicated lending "came into force, and we tried on its norms on its project.The second feature of the syndicate was the target benchmark We did not conduct wide marketing, but with the support of the organizer represented by Bank Otkrytiye FK, we focused our efforts on finding creditors that our bank did not work with before, or those whose cooperation with the nose The key feature of the transaction was the period on which the syndicate is involved.For the first time in our practice of syndicated borrowing, an urgency of 24 months has arisen, which is very important for the Development Bank as a national operator in the sphere of export credit. flexible and comfortable financial solutions for foreign importers of Belarusian products, works and services, "said the Chairman of the Board of the Development Bank Sergey Rumas.