Vneshtorgbank and International Moscow Bank  as mandated lead arrangers and bookrunners, with a consortium of lenders, have signed into a Rb536mn trade-related syndicated term loan facility for Bank BIN.

The loan bears a fixed interest rate of 9.5% per year and has a maturity of 12 months.

Gazprombank joins as a lead manager. Co-lead managers are: Industry and Construction Bank; Kazkommertsbank; Bank TuranAlem. ZAO Raiffeisenbank Austria, Trasta Komercbanka and ATF Bank are managers.

Joint-Stock Bank BIN was founded in 1993 and is among top 30 banks and the 14th private bank in Russia by assets and capital.