Mandated lead arrangers and bookrunners BayernLB and Standard Bank have closed a US$55mn syndicated trade-related term loan facility for Nadra Bank. The new facility has a 364-day tenor, and will be used for specific trade finance business.
This deal follows the bank’s repayment of tranche A of a previous US$55.5mn one-year loan, which formed part of a US$85mn syndicated loan signed in June 2007.

For this latest loan, investors were invited to join the facility as various levels during syndication. Tickets were on offer for lead arranger positions for a commitment of US$7.5mn and a participation fee of 155 basis points. Arrangers could commit US$5mn for a fee of 140bp.  Lead managers could commit US$2.5mn for a fee of 130bp and managers could commit US$1mn for a fee of 115bp. A further 10 banks joined the deal during syndication.