RLPC-Russian Alfa Bank ups loan to $315 mln-bankers
LONDON, June 20 (Reuters) - Russia's Alfa Bank has increased its trade related syndicated term loan to $315 million from $200 million after the deal closed oversubscribed, banking sources said on Friday.
Signing is expected to take place by the end of the month.
The bullet loan is split between a 364-day tranche paying a margin of 100 basis points (bps) over LIBOR and an 18-month tranche paying 130 bps.
Initial mandated lead arrangers and bookrunners are Commerzbank, Fortis, GarantiBank International, Landesbank Baden-Wurttemberg, SMBC and Wachovia. ABH Financial Limited is acting as guarantor for loan.
Alfa Bank is rated Ba1 by Moody's Investors Service and BB by both Standard & Poor's and Fitch Ratings. (Reporting by Christopher Mangham; editing by Sue Thomas)
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