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- RUSSIA CALLING!
London, 29 August, 2008 - VTB Bank Europe plc, part of the Investment Business of VTB Group, is pleased to confirm the recent signing of a US$ 150,000,000 Medium Term Syndicated Structured Finance Facility for LLC Volga-Dnepr Airlines. Bank WestLB Vostok (ZAO) and VTB Bank (Deutschland) AG joined the facility as Mandated Lead Arrangers. The margin of the facility is 3.50% p.a. and the maturity of the facility is 4 years with an average life of 2.5 years. The facility proceeds are to be used for the refinancing of existing financial indebtedness of Volga-Dnepr Group and general corporate purposes. The facility is secured.
The following banks participated in the transaction:
For further information, please contact:
tel: +44 20 7815 9479
Volga-Dnepr Group (the “Group”), established in 1990, is the largest Russian cargo airline. It operates chartered air transportation using AN-124-100 “Ruslan” and IL-76 aircraft all over the world and scheduled air cargo transportation between Europe and Asia via Russia using Boeing-747 F aircraft. Volga-Dnepr Group is the world’s largest transporter of oversize and heavyweight air cargo. The company operates 10 An-124-100 Ruslan, 2 modernized IL76TD-90VD and 11 IL 76-TD aircraft. Group sales were US$1.002 bln in 2007 which was 50% than in the previous year.
VTB Bank Europe plc (www.vtbeurope.com) is part of the Investment Business of the VTB Group.
The Investment Business of the VTB Group (www.vtbcapital.ru) operates from Moscow, London and Singapore and concentrates on operations in debt and equity markets, financial advisory services to its clients in the M&A and ECM sectors in Russia and globally, as well as developing private equity business, global commodities trading and asset management. VTB Bank Europe plc is authorised and regulated by the Financial Services Authority.
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