RZB, ZAO Raiffeisenbank Austria (RBA) and Standard Bank Plc as mandated lead arrangers and bookrunners and a consortium of lenders have signed into a 364-day US$80mn syndicated trade finance facility for JSC Bank Novaya Moskva (Nomos).

The facility was launched at US$30mn and following a 166% oversubscription from 25 banks, it finally closed at US$80mn. The borrower elected to take the whole oversubscription.

The facility will be used to finance selected trade contracts of the borrower’s strategic corporate customers.

There is an extension option of 364 days at each lender’s individual discretion.

Repayment is bullet at maturity, while the margin is 265 bp per year.

Lead arrangers are Anglo-Romanian Bank, Banco Finantia, ZAO International Moscow Bank and Sumitomo Mitsui Banking Corporation Europe.

Arrangers are Dresdner Bank, Hua Nan Commercial Bank, London, Melli Bank plc, Moscow Narodny Bank, Bank Natexis (ZAO) and Ost-West Handelsbank.

Managers are Bankgesellschaft Berlin, Bank Austria Creditanstalt, Credit Suisse, The Export-Import Bank of the Republic of China, FBN Bank (UK), Finansbank (Holland), Indover Bank, Hamburg, JSC Rietumu Banka and Taiwan Business Bank, Offshore Banking Branch.

Participants are JPMorgan Chase Bank, London, Adria Bank, Hungarian International Finance, ICICI Bank UK and Banif – Banco Internacional do Funchal.