Bank of Tokyo-Mitsubishi UFJ, Commerzbank, ICICI Bank UK and Natixis have been mandated to arrange a 364-day US$200mn facility supporting Alfa Bank’s trade financing activities.

The guarantor on the loan is ABH Financial. The margin is 45bp per year.

There is a 364-day extension option, exercisable at the discretion of each lender, while repayment is in full on final maturity.

General syndication has closed. Banks have been invited to participate at one of the following levels:

Lead arranger on US$7.5mn or above at 30bp flat.

Arranger on US$5mn at 25bp flat.

Co-arranger on US$3mn at 20bp flat.

Lead manager on US$2mn at 15bp flat.

Manager on US$1mn at 10bp flat.

Alfa-Bank was founded in 1990 and is Russia’s largest private banking group, which offers a full range of banking services through over 185 branches (including subsidiary banks).

Alfa Bank is active in all key sectors of the financial service industry, including corporate, retail and investment banking, trade finance, insurance and asset management.

Serving 1.8mn individual and 40,000 corporate clients, Alfa Bank is one of only a few domestic Russian banks to operate under international auditing standards.