Russia’s privately-owned Promsvyazbank has closed its one-year US$350mn syndicated term loan facility with 18 local and international banks.
The deal, which will be used for trade-related purposes, marks the largest facility this year for a privately-owned Russian bank.
The deal pays a margin of 190 basis points a year and has a tenor of 364 days from the signing date.
Banc of America Securities and WestLB acted as joint coordinators on the facility, with WestLB also acting as general coordinator and facility agent and Banc of America Securities acting as documentation agent.
The mandated lead arrangers and bookrunners include Banc of America Securities, Barclays Capital, Commerzbank, Deutsche Bank, HSBC, JP Morgan, Raiffeisen Bank International, Raiffeisenlandesbank Niederösterreich-Wien, RBS, Standard Chartered, Wells Fargo and WestLB.
Acting as the lead arranger was , while the arrangers were Bank of Ireland, Citi and LBBW Landesbank Baden-Württemberg.
The lead managers in the deal were Pohjola Bank and Adria Bank Aktiengesellschaft.