RZB has been mandated by OJSC Halyk Bank of Kazakhstan to arrange a US$30mn club deal trade finance facility. The funds are for refinancing imports to Kazakhstan in respect of the country’s oil pipeline project.
The tenor is 364 days. The margin is 1.90% per year over Libor.
The deal will be launched into general syndication among a group of selected banks. Participants will be offered takes between US$7.5mn and US$2.5mn.