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RZB as mandated lead arranger has signed eight banks into a US$15mn syndicated trade-related finance facility on behalf of Ukraine’s VABank. This facility is VABank’s debut debt-raising transaction in the international loan markets.

The facility was launched at US$10mn and was very well received in the market, finally closing 50% oversubscribed. The borrower has elected to take the whole oversubscription.

The purpose of the loan is to finance specific trade finance facilities made available by the borrower to its clients.

The tenor is 210 days after signing with an extension option for another 210 days.

The margin is Libor + 3.95% per year.

Tickets of US$1mn-3mn were on offer.

The lenders are RZB, with US$6mn, then arrangers Garantibank International and National City Bank with US$2mn each and managers ATF Bank, Baltic Trust Bank, Banif, Finansbank and Parex Bank with US$1mn each.

VABank was founded in 1992, and offers a full range of services to a diversified base of corporate clients and consumers. The bank is organised as a joint-stock company. Head office is registered and located in Kiev.