Armenian SMEs receive EBRD support

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01 February 2010

The EBRD has issued a trade finance loan to ArmSwissBank to benefit small and medium enterprises in Armenia.

The European Bank for Reconstruction and Development (EBRD) has signed a $5 million credit line and a $3 million trade finance facility to Armenia’s ArmSwissBank.

The $5 million credit line will be used by ArmSwissBank’s strategy to develop its SME lending activities and on-lend...

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Poll

Gazpromneft stunned the market this week when it was revealed pricing for their five-year $1 billion pre-export financing was rumoured to be just above 300 basis points over Libor. Is the deal likely to be a syndication success?

Yes - this seems like a sensible pricing benchmark, why not?

12%

No - are you crazy? These prices are ridiculous. What were these banks thinking?

38%

Yes - but for all the wrong reasons. A lack of other deals in the market, and the promise of future business with Gazpromneft will make it hard to ignore but don’t expect many to take up big tickets with this deal. There are much better deals out there.

50%