19. Other Borrowed Funds
| In billions of Russian Roubles | 2012 | 2011 |
|---|---|---|
| Trade finance deals | 306.3 | 141.9 |
| Syndicated loans received | 162.9 | 102.1 |
| Total other borrowed funds | 469.2 | 244.0 |
In December 2010 the Group received a syndicated loan in the amount of 2 billion USD from a consortium of foreign banks equivalent to 61.5 billion RUB as at the date of issue. As at 31 December 2012 the loan was accounted for at amortised cost of 60.6 billion RUB (2011: 61.5 billion RUB). This loan matures in December 2013 and had contractual floating interest rate of 6 months LIBOR + 1.5% p.a. As at 31 December 2012 the effective interest rate on the loan was 2.4% p.a. (2011: 2.7% p.a.).
In November 2011 the Group received a multicurrency syndicated loan in the total amount of 1.2 billion USD from a consortium of foreign banks equivalent to 37.6 billion RUB as at the date of issue. The loan was received in two tranches in two different currencies: c. 90% of the above sum was received in USD dollars and the remaining part in Euro. The loan matures in November 2014 and has contractual floating interest rates of 3 months LIBOR + 1.5% p.a. for the tranche in USD dollars and 3 months EURIBOR + 1.1% p.a. for the tranche in Euro. As at 31 December 2012 the loan was accounted for at amortised cost of 36.1 billion RUB (2011: 38.1 billion RUB); the effective interest rate on the tranche in USD dollars was 2.2% p.a. (2011: 2.4% p.a.), on the tranche in Euro — 1.6% p.a. (2011: 2.9% p.a.).
In October 2012 the Group received a syndicated loan in the amount of 1.5 billion USD from a consortium of foreign banks equivalent to 47.2 billion RUB as at the date of issue. As at 31 December 2012 the loan was accounted for at amortised cost of 45.0 billion RUB. This loan matures in October 2015 and had contractual floating interest rate of 3 months LIBOR + 1.5% p.a. As at 31 December 2012 the effective interest rate on the loan was 2.3% p.a.
In November 2012 the Group received a syndicated loan in the amount of EUR 0.4 billion from a European bank equivalent to 15.8 billion RUB as at the date of issue. As at 31 December 2012 the loan was accounted for at amortised cost of 15.6 billion RUB. This loan matures in November 2013 and had contractual floating interest rate of 6 months EURIBOR + 0.75% p.a. As at 31 December 2012 the effective interest rate on the loan was 1.1% p.a.
In November 2012 the Group received a syndicated loan in the amount of 0.2 billion USD from a European bank equivalent to 5.7 billion RUB as at the date of issue. As at 31 December 2012 the loan was accounted for at amortised cost of 5.6 billion RUB. This loan matures in November 2013 and had contractual floating interest rate of 6 months LIBOR + 0.75% p.a. As at 31 December 2012 the effective interest rate on the loan was 1.3% p.a.
As at 31 December 2012 trade finance deals were accounted for at amortised cost of 306.3 billion RUB (2011: 141.9 billion RUB), had interest rates varying from 0.3% to 12.4% p.a. (2011: from 0.9% to 8.3% p.a.) and maturity dates from January 2013 to December 2021 (2011: from January 2012 to December 2021).
The estimated fair value of other borrowed funds is disclosed in Note 35. Currency and maturity analyses of other borrowed funds are disclosed in Note 32.