London, January 19, 2007

Deutsche Bank to launch syndication of a $125 million syndicated Term Loan Facility for VTB Bank (Austria) AG (formerly Donau-Bank AG)


Deutsche Bank AG London (“Deutsche Bank”) will shortly launch the syndication of the $125mn Term Loan Facility for VTB Bank (Austria) AG (“VTBA”). The proceeds will be used for general corporate financing purposes including the provision of core clients of VTBA with trade related finance.

VTBA is an Austrian registered bank owned 100% by JSC Vneshtorgbank, Russia (“VTB”).

The transaction is the borrower’s first syndicated loan as VTB Bank (Austria) and since VTBA was awarded a Baa2 rating by Moody’s in November 2006.  

The key terms of the loan are as follows:

Tenor:      3 years (amortising semi annually from month 18)
Margin:     0.35% p.a.


                       
For further information, please call:

Deutsche Bank

Oonagh Baerveldt                   (+44 20) 7547 1605
Press & Media Relations        

Ben Dobson                         (+44 20) 7545 8572
Corporate and Investment Bank        

Kirstin Brozik                     (+49 69) 910 33864
Corporate and Investment Bank



Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 1,097 billion in assets and 67,474 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

http://www.db.com/

About VTB Bank (Austria) AG

VTBA is a highly specialized financial institution for transactions with Russia and other CIS countries.  It is a Vienna based joint stock bank, incorporated under Austrian law, with VTB as the sole owner. As at June 2006 VTBA had total assets of €1,304.2 million and equity of €321.1 million.

www.vtb-bank.at




Twitter
Social Media



Deutsche Bank provides current information via several social media platforms. Follow our Tweets, view current videos and photos or subscribe to our news updates using your preferred channel. more

RSS & Podcast


Receive current Deutsche Bank press releases automatically with our RSS news feeds and podcasts. more

Footer Navigation:
Last Update: 2.9.2013
Copyright © 2014 Deutsche Bank AG, Frankfurt am Main