Bank of Tokyo-Mitsubishi UFJ and Natixis have been mandated to arrange a US$75mn syndicated trade finance facility for Russia’s Bank Zenit.

The margin is 1.20% per year; the tenor 18 months.

General syndication was launched on 7th February 2007.

The borrower was established in 1994 and began its operations in 1995. Bank Zenit is the 20th largest bank by assets and the 18th by equity in Russia. In accordance with consolidated IFRS financials as of June 30, 2006 Bank Zenit’s total assets exceeded US$3.14bn and shareholders” equity was equivalent to US$490mn.