Mandated lead arrangers and bookrunners Bank Austria Creditanstalt, Commerzbank, Dresdner Kleinwort Wasserstein, Natexis Banques Populaires, RZB, and ZAO Raiffeisenbank Austria are arranging a US$70mn facility for Bank Zenit’s trade financing activities.
General syndication has been launched.
The loan is priced at 130bp, and is for bullet repayment at 364 days after the facility signing. A further 364-day extension is available to Zenit, subject to the consent of lenders.
OJSC Bank Zenit began operations in 1995. It is now the 20th largest bank by assets in Russia.