Related News

ING Bank and RZB Group (RZB AG and ZAO Raiffeisenbank Austria, Moscow) as mandated lead arrangers and a consortium of lenders have signed a US$43mn syndicated trade finance facility for CJSC Promsvyazbank, Moscow.

The facility was initially launched at US$20mn and was heavily oversubscribed to reach US$43mn. The tenor of the facility is 12 months with bullet repayment. The margin is 3.4%.

The funds will be used to finance and refinance the borrower’s funding of its clients “import and export transactions”.

Some 24 banks (including the mandated lead arrangers) joined the facility.
Mandated lead arrangers: ING (bookrunner, facility agent, documentation), RZB Group (bookrunner)
Lead managers: Bankgesellschaft Berlin, Dresdner Bank, Finansbank  (Holland), Landesbank Baden-Wrttemberg Group.

Managers: BCEN Eurobank, GarantiBank International, Hua Nan Commercial, London, Moscow Narodny, Nova Ljubljanska banka, Sumitomo Mitsui Banking Corporation Europe, ZAO Citibank.  

Participants: American Express Bank, Adria Bank, Banco Internacional do Funchal, Bre Bank, International Moscow Bank, Mashreqbank, Natexis Banques Populaires, Sampo Bank, Zrcher Kantonalbank.