Kazakhstan’s JSC Bank CenterCredit (BCC) has signed a US$100mn Schuldscheindarlehen arranged by Deutsche Bank AG London. The transaction represents BCC’s debut Schuldschein facility.
The facility, which was launched at US$50mn, was highly successful in syndication and raised more than US$150mn. However the loan was scaled back to meet BCC’s funding requirements.
Some 38 financial institutions participated in the facility, which carries a margin of 1.60% per year and the proceeds will be used to finance various import and export contracts of select clients of BCC.