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Deutsche Bank AG London and ING Wholesale Banking have been jointly mandated to arrange a two tranche US$80mn syndicated term loan facility for Kazakhstan’s JSC Alliance Bank.


The proceeds of the loan will be used by Alliance to finance specific trade finance transactions of select clients.

The mandated lead arrangers will soon launch the senior phase of syndication, which will be targeted primarily at Alliance Bank’s existing core relationship banks as well as a select group of banks active in the CIS financial institutions market.

The margin is split between tranches for the loan as follows: tranche A – 1.80% per year; tranche B – 2.25% per year.

The tenor is: for tranche A – one year (with extension option); for tranche B – two years (with extension option).