CDB provides $300 million buyer's credit facility agreement with Megafon for the purchase of Huawei equipment (Linked to Project ID#66936) (CDB V)

In January 2011, CDB signed two buyer's credit facility agreements with Megafon for the purchase of Huawei equipment -- a $200 million buyer's credit facility known as CDB IV (captured via Project ID#66936) and a $300 million buyer's credit facility known as CDB V (captured via Project ID#66953). The CDB V facility carried an interest rate of LIBOR plus a 2.4% margin and a 5 year maturity (final maturity date of April 28, 2016).

Additional details

1. The average 6-month LIBOR in January 2011 was 0.455%, so the all-in interest rate has been calculated as 0.455 + 2.4 = 2.855%. 2. CDB has provided several loan facilities to MegaFon. See project ID #66854 for the first CDB credit facility to Megafon, #66916 for CDB II, #66917 for CDB III, #66936 for CDB IV, #66939 for CDB VI, and #66954 for CDB VII.

Number of official sources

2

Number of total sources

2