All commitments to a 364-day US$100mn syndicated term loan facility for Raiffeisen Bank Aval are due in on Friday, October 26.
Bank of Tokyo-Mitsubishi UFJ, BayernLB and Intesa Sanpaolo are the initial mandated lead arrangers and bookrunners on the transaction.

Proceeds of the loan will be used for general corporate purposes, and including trade-related transactions.

Banks have been invited to participate as lead arrangers, committing US$15mn or more, arrangers committing US$10mn or more, or as co-arrangers for US$4mn. The deal is expected to be signed in November.

Raiffeisen Bank Aval is the second biggest Ukrainian bank and the largest foreign financial institution in the market.

The bank was last tapping for financing in April when it secured a US$500mn syndicated term loan, via mandated lead arrangers BayernLB, DZ Bank, HSBC and Standard Bank. It was the largest transaction in terms of volume for a Ukrainian financial institution and first syndicated deal in the local market to stretch its tenor to two years. The deal paid a margin of 120 basis points.