ABN AMRO and Deutsche Bank London, as mandated lead arrangers, have signed a US$520mn syndicated term loan facility for Russian Agricultural Bank (RAB). The two-tranche facility, which was heavily oversubscribed following successful senior and general syndication phases, was increased from US$300mn to US$520mn and represents the borrower’s debut foreign currency syndicated loan.

The following banks joined the facility as MLAs: Barclays Capital, BayernLB, BNP Paribas Ireland, Citigroup, Depfa Investment Bank, Dresdner Kleinwort, Export Development Canada, Fortis, HSBC Bank, JPMorgan, Landesbank Baden-Württemberg (LBBW) and Mizuho Corporate Bank.

In addition, a total of seven other banks joined the facility. Societé Générale Corporate & Investment Banking and Intesa Bank Ireland as arrangers, DZ Bank, Erste Bank, KBC Bank Dublin and ZAO Svenska Handelsbanken as lead managers and Kommunalkredit International Bank as manager.

The margin was 30bp for Trance A (18 months) and 40bp for Tranche B (three years).