EDB secures US$400 million syndicated credit
14 December 2007
Almaty, December 14, 2007 - On December 14, 2007, the EDB secured a second syndicated credit in the amount of US$400 million, with a term of one year. The interest rate was LIBOR + 60 basis points. Lead managers were ABN Amro, HSBC, ING and Sumitomo Banking Corporation Europe Ltd. The syndicated credit deal closed with the participation of 34 international banks. Funds will be used by the EDB for corporate objectives, including financing of its investment portfolio.