Deutsche Bank London and ING Bank have been jointly mandated to arrange a US$25mn syndicated trade-related term loan for Prominvestbank. Proceeds will be used to finance specific trade transactions of select clients of the borrower.
Prominvestbank is the third largest Ukrainian bank both in terms of assets and capital.
Mandated lead arrangers will shortly launch the senior phase of syndication, which will be targeted primarily at Prominvestbank’s existing relationship banks as well as a select group of banks active in the Ukrainian financial institutions market. The loan is expected to sign in late April.
The one-year loan is priced at 3.20% per year.