The loan comes in two portions, with the first tranche of $452 million to mature in twelve months and the second $448 million disbursement to be repaid in 18 months, Alfa Bank said.
The first 12-month tranche carries interest of LIBOR plus 0.4%, and the second 18-month facility carries interest of LIBOR plus 0.6%, the bank said.
The loan was syndicated by Commerzbank, Emirates Bank International, HSBC Bank PLC, ICICI Bank UK Plc, Mizuho Corporate Bank Ltd., Natixis, Sumitomo Mitsui Banking Corporation Europe Limited and other banks.
Alfa Bank's net income calculated to International Financial Reporting Standards (IFRS) totaled $190.3 million in 2006. Total assets of Alfa Bank and its subsidiaries equaled $15.2 billion, equity totaled $1.3 billion, and loan portfolio net of provisions stood at $9.5 billion in 2006.
