Ukraine’s Ukrsotsbank has signed a US$80mn syndicated trade-related loan arranged by original mandated lead arrangers Deutsche Bank AG London and ING Wholesale Banking (see GTR, Nov/Dec 2005, p97).
The facility, which represents the 12-month extension of last year’s US$45mn loan and yields a margin of 3% per year over US$ Libor, was launched at US$45mn and despite the tight timetable was heavily oversubscribed and scaled back, after successful senior and general syndication phases.
Calyon was a mandated lead arranger, with ABN Amro and HVB Group as senior arrangers.
AKA Ausfuhrkredit and Wachovia Bank were senior lead managers.
Lead managers were: American Express Bank, Commerzbank, Dresdner Bank, Emirates Bank International, Erste Bank, Mashreqbank, and RZB.
Demir-Halk Bank (Nederland) was a manager.
Participants comprised: Banif – Banco Internacional do Funchal, Bank of New, Parex banka, Rabobank International, and Trade & Development Bank of Mongolia.