By Andrei Skvarsky.
Major Russian lenders Gazprombank and Credit Bank of Moscow have arranged the first-ever syndicated loan for a Belarussian private company, an eight-year facility of 3.5bn Russian roubles ($52.5m) for Eurotorg, Belarus’s biggest food retailer.
The two banks were also the main lenders in the syndicate.
The terms of the loan deal allow other lenders to join the syndicate, Eurotorg said in a statement.
The loan will consist of two tranches, a three-year tranche of 500m roubles ($7.5m) and a five-year one of 3bn roubles ($45m).
Of Russia’s 429 banks, Gazprombank, whose stakeholders include Russian natural gas giant Gazprom, is the third- and Credit Bank of Moscow the eighth-biggest by assets, according to Russian financial information website Banki.ru.
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