ATF Bank, Kazakhstan, has chosen a group of international financial institutions to lead its US$400mn syndicated term loan facility. ATF is the fourth largest bank in Kazakhstan in terms of total assets as at December 31, 2005 according to the National Bank of Kazahkstan.

The new loan represents ATF Bank’s first syndicated loan since April 2005.
The mandated lead arrangers are Deutsche Bank AG London and RZB (both bookrunners), ABN AMRO Bank, Citigroup, GarantiBank International, ING Wholesale Banking, and Mizuho Corporate Bank.

Proceeds of the loan will be used by ATF for on-lending to core clients of the borrower to finance trade contracts.

The margin is 1% per year. The tenor is 370 days (plus extension option), with a bullet repayment.

Lead arrangers are offered takes of US$25mn at 50bp; arrangers US$20mn at 45bp; co-arrangers US$15mn at 37.5bp; lead managers US$10mn at 30bp; and managers US$5mn at 20bp.