Extension to JSC Commercial Bank Center-invest Facility
Joint Stock Company Commercial Bank Center-invest (Center-invest) has announced that the one-year extension of the US$80m syndicated term loan facility was signed on 19 February 2008. The facility closed 81% oversubscribed at US$145m after additional banks joined the existing syndicate. The facility is the third successful international syndicated loan for Center-invest. It was arranged by Commerzbank and Standard Bank, the initial mandated lead arrangers. Standard Bank acted as documentation and facility agent. Thirty-seven banks from 12 different countries have participated in the extension.