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MBRD to raise $100m loan for car loan securitization and to issue bonds in 2008

February 05, 2008 | Prime-Tass

MBRD to raise a $100m loan from JP Morgan and HVB to securitize car loans, according to Sergey Zaitsev, the bank’s president. This warehouse loan is supposed to be raised within a month’s time.

This year the bank also intends to place two Eurobond issues with a five year maturity, each amounting to RUR 3bn. Raiffeisenbank is mandated the issue arranger. The issues are currently being registered by the Bank of Russia.

Company: MTS Bank

Full company namePublic Joint-Stock Company "MTS Bank"
Country of riskRussia
Country of registrationRussia
IndustryBanks

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