By Andrei Skvarky.
Sberbank has lent $250m to Russian security software developer Kaspersky Lab, with the biggest Russia lender’s investment arm, Sberbank CIB, being one of the lead arrangers of what is a syndicated loan.
HSBC, ING and Raiffeisenbank are the other lead arrangers of the five-year secured amortising term loan priced at LIBOR+3.85% and aimed at “refinancing and improving the debt profile” of one of the world’s largest privately owned vendors of security software with operations in more than 200 countries, Sberbank CIB said in a statement.
An Sberbank’s annual shareholders’ meeting in Moscow on June 6, the bank’s chief executive, Herman Gref, credited Kaspersky Lab with helping to build a highly reliable security system for the lender’s electronic services.
ING is acting as documentation and facility agent and Raiffeisenbank as security agent for the loan.
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