Bank of Khanty-Mansiysk’s (BKM) first foray into the international syndicated loan market saw it raise a US$43mn term facility – increased from an initial launch size of US$20mn.

The 364-day deal for the Russian borrower is extendible by a further 364 days and pays 265bp over Libor. Proceeds will finance certain trade contracts of the BKMs strategic clients.

Mandated lead arrangers are Commerzbank and Standard Bank. Mandated arrangers are Anglo-Romanian Bank, Finansbank (Holland) and International Moscow Bank.

Arrangers are Bank Austria Creditanstalt and Indover Bank (Hamburg).

Lead managers are AKA Ausfuhrkredit-Gesellschaft, FBN Bank (UK), GarantiBank International, ICICI Bank (UK), National Bank of Egypt (UK), Landesbank Rheinland-Pfalz and Ost-West Handelsbank. Managers are Dresdner Bank, London Forfaiting Company, Export-Import Bank of the Republic of China and Banca Intesa.

BKM is B+ rated by Standard & Poor’s .