Mandated lead arrangers RZB and Vneshtorgbank have closed a US$16mn syndicated term loan facility for Ukraine’s Commercial Bank Khreschatyk.
The facility was launched at US$15mn.
Parex Banka was arranger, with HSH Nordbank, Luxembourg branch, and Bank Turanalem as managers.
Khreschatyk’s majority shareholder is the City of Kiev. The bank is 50.7% directly and 4% indirectly owned by the Central Financial Department of the Executive Body of Kiev Municipal Authority.