Sector - Bank-to-Bank Lending
Sberbank secures WestLB funds
Russia’s Sberbank has secured a four-year US$50mn loan from WestLB for trade-related purposes.
Yapi Kredi continues show of Turkish strength
Turkey’s Yapi Kredi has managed to pull in the equivalent of US$1.2bn in its annual syndicated loan with slightly more favourable terms compared to last year’s pre-eurozone crisis deal.
Akbank continues winning streak
Turkish lender Akbank has managed to maintain its low borrowing costs by negotiating a US$1.4bn syndicated loan priced at just 100 basis points over bank lending rates.
The dual-currency one-year loan is split between a €708.5mn tranche priced at Euribor plus 100bps and a US$422mn tranche which costs Libor plus 100bps.
The pricing on the deal is comparable to what the Turkish bank paid for its March 2010 syndicated loan, which brought in an oversubscribed US$1.2bn.
A total of 44 banks lent to the newest transaction, meaning that the bank attracted similar numbers to previous syndicated loans.
Bank Muscat welcomes international loan
Oman’s Bank Muscat has pulled in a US$300mn trade finance-related term loan from six commercial banks.
Bank Muscat is paying a margin of 150 basis points over Libor for the three-year loan.
The bank is planning on using the funds for...
Afrexim deal set for oversubscription
Mandated lead arrangers ICBC and WestLB are expecting to sign a syndicated facility for the African Export-Import Bank in the coming weeks.
Belarusbank attracts German money
Minsk’s Belarusbank has signed a US$40mn credit facility with three German banks and Euler Hermes to onlend to furniture manufacturer Gomeldrev.
The Kazakh come back
Although eager to be accepted back into the global trade finance market, BTA Bank will inevitably have some waiting to do. In the meantime, it’s focusing its efforts on supporting the domestic Kazakh economy, reports Rebecca Spong.
Garanti draws in international lenders
Turkey’s Garanti Bank has tapped the international syndication market for a multi-currency, dual-tranche €1bn credit facility.
VEB pulls in Russia's largest loan
Vnesheconombank has Russia’s largest syndicated loan to date worth US$2.45bn.
Yapi Kredi pulls in Turkey's biggest deal
Turkey’s Yapi Kredi has signed the largest syndicated loan in the Turkish banking sector to date with a hugely oversubscribed US$1.45bn dual-tranche, multi-currency facility.
Commerzbank commits to African trade
Germany’s Commerzbank has agreed to provide US$250mn to partner banks across Africa to finance short-term trade finance transactions.
Wells Fargo increases ties to UAE
Wells Fargo has closed a US$25mn bilateral trade facility with the National Bank of Furjairah.
GTR Best Deals 2010
GTR is pleased to announce the winners of our Best Deals 2010 competition.
Bladex returns to Asian market
Latin American trade finance bank Bladex has tapped the Asian market for the third time to secure a three-year US$130mn syndicated loan from Mizuho Corporate Bank and Taiwan Cooperative Bank.
Uralsib draws in international support
Russia’s Uralsib has successfully closed a massively oversubscribed US$275mn syndicated term loan facility.
