20-Jul-2010 11:13 AM

EBRD and IFC close first loan syndication for St Petersburg Pulkovo

European Bank for Reconstruction and Development (EBRD) and IFC announced (19-Jul-2010) they have jointly raised EUR200 million from eight commercial banks for the reconstruction and expansion of St Petersburg Pulkovo Airport. The commercial banks participating in the B-loans syndicated by the EBRD and IFC are UniCredit Group (EUR55 million), Standard Bank Plc (EUR39 million), Espirito Santo Investment plc (EUR23 million) and Nordea Bank AB (EUR23 million) as bookrunners and mandated lead arrangers; DZ Bank AG Deutsche Zentral-Genossenschaftsbank (EUR17 million), KfW IPEX-Bank GmbH (EUR16 million), MEDIOBANCA-Banca di Credito Finanziario S.p.A. (EUR13.5 million) and Raiffeisen Zentralbank Österreich AG (EUR13.5 million) as mandated lead arrangers. The syndication brings the overall amount raised by EBRD and IFC for the Pulkovo project to EUR370 million. [more]

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