Global Trade Review again rewards "BTA Bank" JSC deal29.02.2008 / Press-service
"BTA Bank" JSC (BTA) was awarded another Global Trade Review’s Best Deal 2007. "BTA Bank" JSC has arranged a USD 5.3 million loan for Russia’s Marine Gardens. The funds are applied to purchase acrylic glass from Nippura Co. LTD.
The deal is a part of a major Marine Gardens' Moscow Ocean Park project. The new aquarium will be the biggest one in the CIS and Eastern Europe.
The following criteria were applied for the Best Deal 2007 award:
- "BTA Bank" JSC is the first trade bank in the CIS to close a deal with Japan Bank for International Cooperation (JBIC);
- An off-beat deal with two co-lenders: JBIC with a 60% A-tranche and a 40% B piece from Bank of Tokyo Mitsubishi UFG LTD.
"This deal stands out not only for its financing terms as usually, but also for a structure opted for. The award once again testifies to the quality and competitiveness of BTA services in trade and structured finance that we pursue to vigorously promote both in Kazakhstan and the CIS," says Timur Sabyrbayev, Head of BTA Bank's International Relations and Trade Finance Division.
The city administration backs up the multi-purpose Moscow Ocean Park at Poklonnaya Hill within the tourism development program for Russia’s capital. The first in Moscow and the biggest in Eastern Europe, it will be an all-season ocean park with aquarium as a core. With an apparent entertainment concept it will offer existing excursions. This recreation center is likely to become a major entertainment complex in the city and a favorite recreation area for Moscow locals and visitors.