Ukreximbank wins club loan

The State Export-Import Bank of Ukraine (Ukreximbank) has signed a US$90mn club loan facility.

It carries a tenor of 364 days, and pays a margin of 0.80% per year over Libor. The facility will be used to finance general corporate finance purposes as well as the export-import activities of its clients.

Banks participating in the deal are: ABN Amro, Bayersiche Landesbank, Bank of Tokyo-Mitsubishi UFJ, Commerzbank, Deutsche Bank, HSBC Bank, Landesbank, SMBC and Swedbank.

Ukreximbank is 100% owned by the Ukrainian state. Its principal businesses are corporate banking including structured finance, trade finance, project finance and factoring. It also provides loans to Ukrainian companies via specific development programmes. As of the end of December 31 2006, it was the second largest bank in the Ukraine.