KIEV, May 18 ??“ System Capital Management, Ukraine??™s largest privately held group owned by Rinat Akhmetov, the wealthiest Ukrainian, BNP Paribas (Suisse) SA have completed the first stage of syndicate a $400 million loan previously provided by BNP Paribas.

The sides engaged four banks as sub-underwriters: NATIXIS, Raiffeisen Zentralbank Osterreich AG, Standard Bank and HVB (Bayerische Hypo- und Vereinsbank AG), SCM's press service reported in a press release on Friday.