Mandated lead arrangers and bookrunners Calyon, Deutsche Bank and RZB have closed a US$250mn syndicated term loan facility for Russian Standard Bank. It pays a margin of 65 basis points over Libor per year, and carries a 364-day maturity with an additional 364-day extension option.

The syndication was originally launched at US$200mn, but was well received by the market leading the borrower to opt to increase the facility to US$250mn.

Joining the facility as additional MLAs during syndication are: ABN Amro, Alpha Bank, Credit Suisse International, Erste Bank, HSBC Bank and JPMorgan.

Arrangers are: Bayerische Hypo-und Vereinsbank and National Bank of Egypt. Joining as lead managers are: Mega International Commercial Bank, Banco Bradesco Luxembourg, Caixa Geral de Depositos, Mashreqbank, National City Bank and Taiwan Business Bank (Hong Kong branch). Chinatrust Commercial Bank participated as a manager.