Belagroprombank in Belarus has mandated Banco Finantia, Credit Suisse and Intesa Sanpaolo to jointly arrange a US$25mn trade-related syndicated term loan facility.

The deal carries a tenor of 364 days, with an optional extension of a further 364 days. The funds will be used for trade finance purposes, and repayment is due in full upon final maturity. It pays a margin of 300 basis points every year.

Banks are being invited to commit at various levels. Lead arrangers can commit US$7.5mn or more at a participation fee of 150bp, and all-in yield of 450bp. Arrangers can commit US$5mn, at a fee of 140bp and all-in yield of 440bp. Co-arrangers commit US$3mn, with a participation fee of 120bp and all-in cost of 420bp.

Lead managers can take a ticket of US$2mn, for a fee of 110bp and all-in price of 410bp. Managers can commit US$1mn for a fee of 100bp and all in cost of 400bp.

Belagroprombank is recognised as one of the leading banks of the Republic of Belarus. It is 99% state-owned. In October 2007, Fitch Ratings Agency granted the bank a rating of B-, and Moody’s Investors Service assigned a credit rating to the bank of B2 with stable outlook.