Standard Bank London as mandated lead arranger, and a syndicate of other lenders has signed a US$100mn syndicated trade-related term loan facility for JSC Halyk Bank.

The deal was 70% oversubscribed and Halyk elected to increase the facility amount from US$70mn. This transaction was the debut 18 month loan for Halyk Bank and the oversubscription underlines the strong confidence of international investors in Halyk, claims Standard Bank.

The loan is trade-related and the proceeds will be used to support Halyk Bank’s major clients “export and import activities. 22 banks (including the mandated lead arranger) have joined the facility. Standard was bookrunner and documentation agent on the transaction and also acts as facility agent.
Lead arrangers were: American Express Bank GmbH, Citigroup, Demir-Halk Bank (Nederland), Dresdner Bank, Erste Bank, HSH Nordbank, ING, Mizuho Corporate Bank, Moscow Narodny Bank, Sanpaolo IMI, UFJ Bank.

Lead managers were: Sumitomo Mitsui Banking Corporation Europe, Indover Bank Hamburg, Alpha Bank, Bank of Montreal, Bre Bank, First Commercial Bank, Bayerische Hypo- und Vereinsbank, WestLB.
Managers were: BankMuscat and Natexis Banques Populaires.