Initial mandated lead arranger BayernLB has closed a US$65mn syndicated term loan facility with Swedbank in the Ukraine. The facility was well-received by the market, and was oversubscribed by 60%, with the borrower opting to increase the loan.
The facility will be used to finance trade finance facilities for the borrower's clients.
The loan is split into two tranches, with tranche A carrying a 364-day tenor and tranche B carrying a two-year maturity. Margins being paid on the deal are 85 basis points, and 170bp per year respectively.
Senior lead arrangers on the deal are Bank SinoPac, DZ Bank, Erste Bank and the Taiwan Cooperative bank. Lead arranger is Bank Leumi Le-Israel. Arrangers are Adria Bank, AKA Ausfuhrkredit-Gesellschaft, Alubaf Arab International Bank, Caixa Geral de Depositos, Landesbank Saar, Latvijas Hipoteku un zemes banka, The Bank of New York and Zurcher Kantonalbank.
On the B tranche, Indover Bank joined as senior lead arranger and BRE Bank and Zurcher Kantonalbank joined as arrangers.
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