Tatfondbank has signed a US$36mn syndicated trade-related loan facility, via sole mandated lead arranger, bookrunner and agent Standard Bank.

The facility closed 17% oversubscribed from the original launch amount of US$30mn. It is the first international syndicated loan for the Russian bank.

It has been structured as a 364-day trade-related syndicated loan with a bullet repayment and pays a margin of 2.35% per year above Libor.

Tatfondbank provides an array of banking services, with particular focus on lending to corporate clients in the trading and agricultural sectors of the economy, lending to SMEs, as well as international settlements and trade finance.

The transaction attracted 11 lenders from nine different countries. Joining Standard Bank as mandated lead arrangers are Eurasian Development Bank, Commercial Bank of Moscow, OTP Bank, VTB Bank, International Moscow Bank and FBN Bank.

Arrangers on the deal are Commerzbank, Novrik Banka, and Credit Europe Bank. Lead manager is Nova Ljubljanska banka.