Deutsche Bank, acting as mandated lead arranger, has completed the signing of a US$30mn syndicated term loan facility for Azerbaijan's Unibank. The deal featured a small oversubscription, with the initial request increasing from US$25m to US$30mn.
The bullet repayment facility carries a one-year tenor and a margin of 300 basis points. Its purpose is to finance mainly import transactions for Unibank's trade finance contracts.
Bank Leumi, Erste Bank, Dresdner Kleinwort and De Indonesische Overzeesee Bank joined the transaction in syndication as lead managers and National City Bank, Demir-Halk Bank, GarantiBank International and OTP Bank participated on the manager level.
Unibank is Azerbaijan’s third largest bank, holding more than 10% of the country’s total bank assets.
Last Updated May 07, 2008
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