Belagroprombank of Belarus has secured a syndicated term loan worth US$63.5mn.

VTB Bank acted as mandated lead arranger (MLA), bookrunner and co-ordinating bank, as well as documentation, facility and publicity agent. It was joined as MLA and bookrunner by Alfa Bank. Novikombank and Promsvyazbank acted as MLA, AKA Ausfuhrkredit-Gesellschaft as lead arranger and Asean Pacific Bank as arranger.

The loan has a tenor of 364 days from October 15, with an extension option of a further 364 days. It is priced at Libor plus 4.5% and the bank will use the loan for general corporate purposes.