Last Updated June 02, 2008
UralSib has mandated BayernLB, Credit Suisse, Emirates NBD, ING Bank and National Bank of Oman to arrange a 364-day US$150mn syndicated term loan facility. The deal pays a margin of 100 basis points over Libor per year, and the proceeds will be used to finance trade contracts of the bank's corporate clients.
Commenting on the deal, Andrei Donskikh, chairman of the management board of the bank, remarks: "The new loan will be targeting lenders globally; being adequately structured and priced, and brought to the market by a very powerful MLA group, and is expected to be well-received and attract substantial number of banks from different regions into the syndicate."
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