Syndication of a US$75mn trade loan facility for Eurasian Bank in Kazakhstan has been launched via mandated lead arrangers and bookrunners Commerzbank, Deutsche Bank, and RZB.

The facility pays a margin of 160 basis points per annum, and has a tenor of 370 days (plus an extension option). Banks are invited to participate at various levels, committing US$7.5mn at 55 basis points, US$5mn at 40bp, US$3mn at 30bp or US$2mn at 20bp.

Eurasian Bank is the tenth largest commercial bank in Kazakhstan, with its corporate banking arm covering lending and deposit taking, trade and export financing, servicing promissory notes, custody and depositary operations and factoring.