JSC Nurbank, Kazakhstan, has signed its one-year US$65mn syndicated term loan facility. Standard Bank London, RZB and HVB Group acted as mandated lead arrangers. Standard was also documentation agent.

The facility was launched at US$32.5mn and following a 100% oversubscription closed at US$65mn. The borrower elected to take the oversubscription. A total of 25 banks participated in the facility.

The funds are for financing trade-related transactions of the borrower’s major customers.

There will be a bullet repayment.

The margin is Libor + 2.20% per year.

Co-arrangers are National Bank of Egypt (UK) and HSH Nordbank.

Lead managers are ING Bank, AKA Bank, Bankgesellschaft Berlin, Export-Import Bank of the Republic of China, Parex banka and United National Bank.

Managers are Alpha Bank London, Bank Austria Creditanstalt, Demir-Halk Bank (Nederlands), Dresdner Bank, FBN Bank (UK), Finans Bank (Holland), Natexis Banques Populaires.

Participants are Adria Bank, Bank of Overseas Chinese, Banif, Bank Sepah, Bre Bank and International Moscow Bank.