Bank of New York, HSH Nordbank, Natexis Banques Populaires, Rabobank (facility and documentation agent), Standard Chartered (bookrunner, info memo), Wachovia Bank and WestLB AG London (bookrunner) have been mandated to arrange a US$60mn 364-day syndicated term loan facility for GarantiBank International.

The facility has been launched into a limited senior syndication during which banks have been invited to participate as a co-arranger with a commitment of US$5mn.

The margin is 60bp per year.

The facility is to pre- finance export contracts.