Alliance Bank Kazakhstan has signed US$170mn syndicated trade related loan arranged by Deutsche Bank AG London and ING Wholesale Banking.

Syndication, which consists of a two-tranche structure with one and two-year maturities, carries a margin of 180bp and 225bp respectively with extension options for each tranche.

The facility, which was launched at US$80mn, was heavily oversubscribed after successful senior and general syndication phases. Alliance has attracted 24 new lenders to this financing, following the bank’s successful efforts to broaden its investor base after roadshows in the Middle East and the UK.

Senior arrangers are: ABN Amro, Anglo Romanian Bank, Citigroup, HSBC Bank, and National Bank of Egypt (UK).

BayernLB and Mashreqbank are arrangers.

Co-arrangers are Societe Generale, Bankgesellschaft Berlin, LRP Landesbank Rheinland-Pfalz, United National Bank, Wachovia Bank, and West LB AG, London.

Demir-Halk Bank (Nederland) is a lead manager.

Coming in as managers are: Arab Bank, Melli Bank, Bank Muscat, Bre Bank, DZ Bank, Emirates Bank International, Banco Finantia, ICICI Bank Bahrain, JPMorgan, Landesbank Baden-Wurttemberg London, and Parex banka.

Participants are: Bank of Montreal, Bank Sepah International, FBN Bank (UK), KBC Bank Dublin, State Bank of India Antwerp, Banif – Banco Internacional do Funchal, Bank Austria Creditanstalt, Bank of Overseas Chinese Taipei, Bank Saderat, Raiffeisenlandesbank Niederosterreich-Wien, and Monte dei Paschi di Siena.