Slavinvestbank has signed a US$67mn syndicated loan, which closed 67% oversubscribed from the launch amount of US$40m. This is the first international syndicated loan for the Russian bank.

This 364-day facility was provided to finance and refinance SlavinvestBank’s trade finance activities with an interest margin of 1.75% per year above Libor and bullet repayment.

Standard Bank Plc acted as sole initial mandated lead arranger, bookrunner and agent.

SlavinvestBank’s strategic partner – Bank TuranAlem, Kazakhstan (BTA) – has provided a letter of comfort to support the facility.

There are 19 lenders in the syndicate from 12 different countries, including: Standard acting as initial mandated lead arranger; Credit Europe Bank, Erste Bank, Eurasian Development Bank, ICICI Bank Eurasia, Bank of Moscow, Banque Societe Generale Vostok’, RZB Group and ZAO Raiffeisenbank Austria and WestLB acting as mandated lead arrangers; FBN Bank (UK), De Indonesische Overzeese Bank, VTB Bank Europe and Wachovia Bank acting as lead arrangers and LHB International Handeksbank, VTB Bank (Deutschland), Nova Ljubljanska banka, Bank of New York and Abanka Vipa acting as lead managers.

SlavinvestBank (SIB) is a universal bank based in Moscow operating on the Russian banking market for more than 13 years.