Bank of Finance and Credit in Ukraine has signed a US$42.5mn syndicated trade-related term loan via mandated lead arrangers and bookrunners Banco Finantia, BayernLB and Standard Bank.

The facility pays a margin of 195 basis points per year over Libor with a tenor of 364 days. It was originally launched at US$30mn, but was oversubscribed by 42%.
Joining the facility as arrangers are Anglo-Romanian Bank and Commerzbank. FBN Bank also joined the deal as a co-arranger.

During syndication, arrangers were invited to commit US$5mn or more, for a participation fee of 215bp and all-in yield of 410bp per year. Co-arrangers could commit US$3mn or more, for a participation fee of 205bp and all-in cost of 400bp.

Lead managers were invited to commit US$2mn or more, for a fee of 195bp and all-in yield of 390bp per year.