An extension of a US$15mn six-month trade finance facility for Kazakhstan’s Nurbank has been signed by sole mandated arranger Standard Bank London.

The original loan was signed in October and has been increased to US$18mn (see GTR, Nov/Dec 2002, p49).

The margin is 325bp over Libor. Lead managers are International Moscow Bank, Rabobank and RZB. Managers are Bank of Montreal, Citigroup, Dresdner, HSBC, HVB Group, Israel Discount Bank of New York, Mashreq Bank and Union Bank of California.