A US$45mn syndicated trade-related loan arranged by Deutsche Bank AG London and ING for Kazakhstan’s Bank CenterCredit (BCC) has been signed. The facility, which was initially launched at US$30mn, was increased due to successful senior and general syndication phases to US$45mn. The loan, which carries a margin of 2.4% per year, represents BCC’s largest syndicated loan.
The syndicate, made up of 21 banks is the largest BCC has raised. The following banks participated in the transaction:
Mandated lead arranger – Deutsche Bank AG London; ING Bank.
Arranger – Citigroup.
Co-arrangers – American Express Bank GmbH; Demir-Halk Bank (Nederland); Mashreqbank; RZB; Sumitomo Mitsui Banking Corporation Europe; Union Bank of California; Wachovia Bank.
Managers: Bankgesellschaft Berlin; Magyar Külkereskedelmi.
Participants: AKA Ausfuhrkredit-Gesellschaft; Banca Intesa London; Banca Nazionale del Lavoro London; Bank of Montreal; Bre Bank; Dresdner Bank; GarantiBank International; Nova Ljubljanska banka; Israel Discount Bank of New York.