Russian railroad monopoly Russian Railways (RZD) plans to secure a syndicated $600 million loan from international banks October 19, the company's press release said Friday.
"The deal on attracting a syndicated $600 million loan from international banks at a 4.825% interest rate will be concluded on October 19," RZD President Vladimir Yakunin said after a board of directors meeting.
As of September 19, RZD had already attracted $540 million of the targeted $600 million from an international syndicate that includes underwriters Barclays Capital, Dresdner Kleinwort Wasserstein, HSBC Holdings, Raiffeisenbank, which have each loaned $60 million, along with Tokyo-Mitsubishi Bank, Mizuho Corporate Bank, KfW, Bank Austria Creditanstalt, WestLB, and Calyon, each providing $50 million, RIA Novosti reports.
Russian Railways is the 100% state-owned operator of the country's railroad infrastructure and the main freight and passenger rail carrier.
The Americans came to realise that they would have to either leave the region or weaken their presence there. It is Russia that is filling the vacuum now