Deutsche Bank AG London RZB as mandated lead arrangers have been jointly mandated to arrange a US$65mn syndicated term loan facility for Kazakhstan’s JSC Nurbank. The proceeds will be used by Nurbank to finance specific trade finance transactions of selected clients.
The MLAs will soon launch the senior phase of syndication, which will be targeted primarily at Nurbank’s existing core relationship banks as well as a select group of banks active in the CIS financial institutions market.
Nurbank is the seventh largest bank in Kazakhstan. It has a long term credit rating from Moody’s of Ba3.
The margin is 1.95% per annum.
The tenor is two years (plus extension option), while repayment is bullet.