Related News

Mandated lead arrangers and bookrunners Vneshtorgbank (VTB) and Moscow Narodny (MNB) have signed a US$11mn trade-related syndicated term loan facility for Transcapitalbank.

Anglo-Romanian Bank was a co-arranger, with Industry & Construction Bank as lead manager. Parex Banka and FBN Bank (UK) were managers.
The tenor is one year with a one-year extension option. The margin is 450bp.

Transcapitalbank is a private Russian bank, which was incorporated in 1992 by several Russian legal entities. It focuses on corporate banking, SME lending, personal banking, securities trading, precious metals and foreign exchange trading.

The funds will be applied for trade finance purposes.