Bank of Tokyo-Mitsubishi UFJ, Dresdner Kleinwort Wasserstein, ING Wholesale Banking, Natexis Banques Populaires (all bookrunners) and Sumitomo Mitsui Banking Corporation Europe (facility agent) as initial mandated lead arrangers have closed a US$320mn trade finance facility for OJSC Bank UralSib.

Due to significant oversubscription, the transaction was increased from its launch amount of US$200mn.

The loan is priced at 60bp over Libor with a tenor of 364 days.

ABN Amro, American Express Bank GmBH, Commerzbank, DZ Bank, Fortis Bank and International Moscow Bank were mandated lead arrangers.

Alpha Bank, Bank of Montreal, Emirates Bank, Financebank and Bank of Nova Scotia were arrangers.

Mashreqbank, Standard Bank plc and Wachovia Bank were lead managers.

AKA Ausfuhrkredit, Bank Leumi, Bank of Ireland, Banca Lombarda International, Citibank Bahrain and Emro Finance Ireland were managers.