EBRD raises 750 mln euro loan for VW Russia plant

Newswire

MOSCOW, Nov 27 (Reuters) - The European Bank for Reconstruction and Development said on Tuesday it had arranged a loan of 750 million euros ($1.12 billion) to help finance Volkswagen AG's first car factory in Russia. The EBRD will be the lender of record for the 26.2 billion rouble loan, of which 21 billion roubles has been syndicated to a group of 11 banks under an eight-year facility at a price of 55 basis points over Mosprime, an interbank lending rate. The development bank will keep ...

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