Belarusbank has signed a US$60mn dual tranche trade-related syndicated term loan facility via initial mandated lead arrangers Intesa Sanpaolo and VTB Bank. VTB also acted as the facility agent.

The deal consists of a 12-month tranche of US$44mn and a six-month tranche of US$16mn, raised to finance certain export-import contracts. Repayment is due in bullet form.

Joining the deal as mandated lead arrangers are Alfa Bank and OTP Bank. FBN Bank, London Forfaiting Company and Investtradebank also joined as lead arrangers.

Co-arrangers on the deal are Ausfuhrkredit-Gesellchaft and Atlantic Forfaitierungs.

Belarusbank is the largest bank in the Republic of Belarus in terms of assets, and it is 99% state-owned.