Russia-based B&N Bank has mandated four international banks to arrange a 364-day US$55mn trade-related syndicated term loan facility.

Alfa-Bank, Raiffeisen Bank, Raiffeisenbank and VTB Bank will act as the mandated lead arrangers on the deal, while VTB Bank will also act as the facility agent.

The facility has a bullet repayment at maturity with the purpose of financing certain export-import trade contracts of B&N’s customers and will be drawn in US dollars.

The margin on the loan is Libor plus 460 basis points, a spokesperson at Raiffeisen Bank tells GTR, while the upfront fee-range is between 150-180 basis points.