Bank of Tokyo-Mitsubishi UFJ, Commerzbank, Dresdner Kleinwort, RZB and Sumitomo Mitsui Banking Corporation Europe have been mandated to arrange an 18-month US$200mn trade-related syndicated term loan facility for UralSib.

The syndication was launched on October 19.

The purpose of the loan is to finance certain export-import transactions of the borrower’s strategic clients and the refinancing of a US$263mn facility dated November 24, 2005.

Repayment is bullet at maturity. The margin is 70bp over Libor.

UralSib was formed from the merger of Ural-Siberian Bank with its subsidiary Kuzbassugolbank and its three sister banks Avtobank-NIKoil, IBG NIKoil and Bryansk Narodny Bank.