Ukreximbank returns to market

Ukraine's Ukreximbank has returned to the syndications market looking to extend last year's US$325mn loan.

Mandated lead arrangers BayernLB, Standard Bank and Deutsche Bank have launched syndication of the facility extension. The deal was originally signed in April 2007. The new transaction has tenor of one year, and pays a margin of 80 basis points, the same as last year’s deal.

Existing and new lenders are being invited to participate in the extension loan.
Ukreximbank is 100% state-owned, and is the largest and most profitable banks in the Ukraine, as well as the main provider of finance for Ukrainian import and exporting companies.