Mandated lead arrangers and bookrunners VTB and UniCredit Group (acting through Bank Austria Creditanstalt and International Moscow Bank) and a consortium of lenders have signed into a US$25mn trade-related syndicated term loan facility for Sviaz-Bank.

The loan has a maturity of 12 months and pays a margin of 3.25% per year.

The following banks have joined the facility: GarantiBank International and International Assets Holding Corporation as co-arrangers; Bank CenterCredit and Icebank of Iceland as lead managers; Banca UBAE, Bank TuranAlem, Finansbank (Holland) AP Anlage & Privatbank; Yapi Kredi Bank Moscow and ATF Bank as managers.

Sviaz-Bank was founded in 1991 and is one of the top 30 largest Russian banks according to the Central Bank of Russia and top 100 largest CIS banks in terms of assets and shareholders’ equity.