AvtoVAZ hires Raiffeisen to arrange $500mln loan

Newswire

VIENNA, May 24 (Reuters) - Russian carmaker AvtoVAZ has mandated Austria's Raiffeisen Zentralbank (RZB) with arranging a $500 million syndicated loan later this year, with half of the amount by mid-year, RZB said on Thursday. AvtoVAZ, known in Europe under its export brand Lada, and RZB signed the deal during Russian President Vladimir Putin's visit to Vienna on Wednesday, RZB said. The Russian arm of RZB's Raiffeisen International will help arrange the loan. Raiffeisen International is ...

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