Related News

Bank of Tokyo-Mitsubishi UFJ, Natexis Banques Populaires and Sumitomo Mitsui Banking Corporation Europe as mandated lead arrangers and joint bookrunners have been chosen to arrange a US$75mn trade-related syndicated term loan facility for Russia’s Promsvyazbank (PSB).

The maturity is 18 months with a bullet repayment. The margin is Libor plus 1.75% per year.

General syndication has been launched.

Banks have been invited to take participations at one of the following levels:
Senior lead arrangers with commitments of US$10mn at fees of 0.70% flat; lead arrangers with US$7.5mn at 0.60% flat; arrangers with US$5mn at 0.50% flat; lead managers with US$2.5mn at 0.40% flat; managers with US$1mn at 0.35% flat.

PSB is the 12th largest bank in Russia in terms of assets and enjoys a sound level of capitalisation.