Petorcommerce Bank and International Industrial Bank intend to raise $75m syndicated loans, Standard Bank informed.
Both loans will have a one year tenor and amount to $75m.
Petorcommerce Bank plans to raise a loan paying 150bp over Libor. Garantibank International, Landesbank Berlin, Standard Bank, UniCredit and WestLB are to arrange the loan.
ABN Amro, Credit Suisse, Banco Finantia, Landesbank Berlin and Standard Bank have been mandated to arrange the loan for International Industrial Bank.
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