A one-year US$65mn syndicated loan facility has been signed for OJSC Ural-Siberian Bank (UralSib).
Moscow Narodny Bank and Standard Bank London acted as mandated lead arrangers. Standard Bank was bookrunner and agent for the facility. The facility was launched at US$30mn and following a 116% oversubscription closed at US$65mn.
The borrower elected to take the oversubscription and 15 banks participated in the transaction.
The loan is for financing trade-related transactions of the borrower’s major customers.
There will be a bullet repayment.
Lead arrangers are Alpha Bank and Anglo Romanian Bank.
Arrangers are Banco Finantia, Bred Banque Populaire, Demir-Halk Bank (Nederland), and Finansbank (Holland).
Co-arrangers are American Express Bank Gmbh, SC Parex Banka, ZAO International Moscow Bank and Sumitomo Mitsui Banking Corporation Europe.
Lead managers are Bank Austria Creditanstalt and LRP Landesbank Rheinland-Pfalz.
Bre Bank is a manger.
