Sviaz Bank in Russia has signed a US$30mn trade-related syndicated term loan facility. The loan pays a margin of 2.5% per year over Libor, and has a tenor of 364 days with an extension option for a further 364 days.

The deal was well-received in the market, increasing from the original launch amount of US$25mn.

Joining the bank as lead arrangers are OTP Bank and VTB Bank. BRE Bank joined as an arranger, while BRED Banque Populaire and LHB Internationale Handelsbank are lead managers. Yapi Kredi joined as a manager.

Sviaz Bank is within the top 15 largest privately owned banks in Russia by assets.