Bookrunners and mandated lead arrangers VTB Bank and Bank of Moscow have signed a debut rouble trade-related syndicated facility for NK Bank.

The facility was signed at Rb360mn (US$14.45mn) and it pays a fixed interest rate of 10% per year, with a maturity of six months and an optional six-month extension.

Syndication attracted a total of five banks: Bank Rossiya, Bank VTB North-West, UralSib, Bank of Khanty-Mansiyk and Yapi Kredi Bank Moscow.

NK Bank, also referred to as National Space Bank, was established in 1993, and provides corporate and private banking. Moody’s has rated the bank B3 with a stable outlook.