Bank of Cyprus in Moscow real estate loan group

Tashir Group, a Russian developer of commercial property, said it borrowed $150 mln from a group of banks to repay existing debt. The five-year loan was arranged by Raiffeisenbank's Russian subsidiary, Amsterdam Trade Bank, Banque Societe Generale Vostok and Bank of Cyprus, Raiffeisenbank said.
Tashir will pay an annual rate of 6.4 percentage points over the London interbank offered rate according to Bloomberg.