OJSC Bank Saint-Petersburg (BSPB) has announced that its syndicated trade-related term loan facility has been closed by Raiffeisen Zentralbank Österreich (RZB), ZAO Raiffeisenbank Austria (RBA) (together – RZB Group), Standard Bank and ZAO Standard Bank, JSC VTB Bank and VTB Bank Europe (the ‘mandated lead arrangers’ and ‘bookrunners’). Standard Bank acted as documentation and facility agent. The facility closed 150% oversubscribed from the launch amount of US$40m. The borrower has decided to increase the facility to US$100m, which is the largest syndicated loan for BSPB to date. The facility is for 12 months with a 12-month extension option (at the lenders’ discretion) and carries a margin of Libor + 2.15% per year.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more