Initial mandated lead arrangers Commerzbank, Fortis Bank, GarantiBank International, Landesbank Baden-Wurttemberg, SMBC Europe and Wachovia Bank have closed a US$315mn facility. The deal was oversubscribed, with the bank initially aiming to raise US$200mn.
Before the deal opened to general syndication, Mega International Commercial Bank joined as senior lead arranger.
The deal comprises two tranches, a 364-day tranche and an 18-month portion. The shorter tranche pays 100 basis points per year, and the longer portion pays 130bp per year. Repayment is due in bullet form.
The facility is being guaranteed by ABH Financial, and the proceeds will be used for trade-related financing.
During syndication, JPMorgan joined as a senior lead arranger. Lead arrangers are First Gulf Bank, Intesa Sanopaolo, Rabobank and Raiffeisenlandesbank Oberoeserreich.
DZ Bank and Alpha Bank joined as arrangers, while co-arrangers are Agricultural Bank of Greece, Bank Gospodarstwa Krajowego, Bank Muscat, Bank of Montreal, BBVA, BRE Bank, Caixa Geral de Depositos, and Citi.
Lead managers are The Bank of New York, WGZ-Bank and Zurcher KantonalBank. Banca Popolare di Vicenza is also participating as a manager.
Alfa Bank is the largest non-governmental commercial bank is Russia in terms of equity, assets, loans and deposits.
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