RZB and ZAO Raiffeisenbank Austria as mandated lead arrangers have closed a US$39mn syndicated term loan facility for Russia’s Bank Soyuz. The facility was signed on January 25 and was well received in the market, achieving a significant oversubscription from the launch amount of US20mn.
This is the first syndicated loan transaction for Bank Soyuz. The facility has a tenor of one year and carries a margin of 2,45 % per year.
The tenor is 364 days; the margin 2.45 %.
Bank Soyuz is a large universal commercial bank rendering all banking services. Its priority activities are corporate lending, retail services, bond issue arrangement and underwriting, trade financing, operations on stock and foreign currency markets.
The borrower is rated by S&P at B-/stable and by Moody’s at B1.
Joining as arrangers were: Anglo-Romanian Bank; Commerzbank; Vnesheconombank.
Co-arrangers were: Yapi Kredi Bank Moscow; VTB Bank Europe.
Lead managers were: FBN Bank (UK); LHB Internationale Handelsbank.