November 9, 2005

US$ 80mn Syndicated trade related loan for Joint-Stock Commercial Bank for Social Development "Ukrsotsbank", Ukraine arranged by Deutsche Bank and ING signs

Joint-Stock Commercial Bank for Social Development "Ukrsotsbank", Ukraine announced today the signing yesterday in Kiev of the US$ 80mn syndicated trade related loan arranged by Deutsche Bank AG London Branch ("Deutsche Bank") and ING Wholesale Banking ("ING"). The Facility, which represents the 12 month extension of last year's US$45mn loan and yields a margin of 3.00% p.a. over US$ Libor, was launched at US$ 45mn, despite the tight timetable was heavily oversubscribed and scaled back, after successful senior and general syndication phases.
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