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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.