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Citigroup, Deutsche Bank AG London and RZB have been jointly mandated to arrange a US$75mn syndicated term loan facility for Ukraine’s UkrSibbank. The proceeds of the loan will be used by UkrSibbank to finance specific trade finance transactions of select clients.
The mandated lead arrangers will soon launch the senior phase of syndication, which will be targeted primarily at UkrSibbank’s existing core relationship banks as well as a select group of banks active in the CIS financial institutions market.
The margin is 2.95% per year. The tenor is one year (plus an extension option).