The State Export-Import Bank of Ukraine (Ukreximbank) has signed a US$345mn syndicated term loan facility via BayernLB, Deutsche Bank and Standard Bank.
The facility was heavily oversubscribed, with the borrower opting to increase the deal.
Mandated lead arrangers approached the syndications market in early February looking to extend a US$325mn facility signed with the Ukrainian bank in April 2007. This previous deal was arranged by Deutsche Bank and Standard Bank.
The facility carries a one-year tenor, and pays a margin of 80 basis points over Libor, the exact same terms as last year's deal. It will be used for general trade purposes.
Joining the facility during syndication as lead arranger is Kommunalkredit International Bank. Wachovia Bank joined as arranger, while Barclays Bank, Fortis Bank, and JPMorgan Chase Bank joined as lead managers. Managers are American Express Bank, The Bank of Tokyo-Mitsubishi UFJ, BBVA (London branch), Scotiabank Europe and UBS.
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