Mandated lead arrangers and bookrunners RZB and VTB Bank have arranged a US$32mn trade-related syndicated term loan facility for Sviaz Bank. It is the second time that the bank has tapped the international syndicated loan market.

The facility pays a margin of 250 basis points per year with a tenor of 12 months. It is structured as an unsecured trade-related syndicated loan and proceeds from the facility will be used to finance certain export and import trade-related contracts.

A further 10 banks participated in the transaction: Banco Finantia, Bre Bank, Icebank, Morvik Banka, LHB Internationale Handelsbank, Nova Ljublijanska Banka, OTP Bank, Raiffeisenlandesbank Karnten and Raiffeisenlandesbank Niederosterreich-Wien and VTB Bank (Austria).