Last Updated July 31, 2008
Mandated lead arrangers BayernLB and Credit Suisse have signed a new trade finance term loan facility for the Belarusian Bank for Development and Reconstruction (Belinvestbank).
The deal was launched at US$20mn, and was well received by the market and oversubscribed at US$35mn. It is the third successful deal in the Euroloan market for the bank after its debut transaction in March 2007.
It has a 364-day maturity and a margin of 3.20% over Libor. Belinvestbank was created in 2001 through a merger of Belbusinessbank and Belarusian Development Bank.
Fitch Ratings rates the bank at B, while it has received a B2 rating by Moody’s Investors Services. Both agencies have given the bank a stable outlook.
Reader Comments