Standard Bank London and RZB, as mandated lead arrangers, and a consortium of lenders have signed into a US$37mn syndicated trade finance facility for JSIB UkrSibbank, Ukraine.
Due to the deal being oversubscribed UkrSibbank has increased the facility amount from US$15mn. The oversubscription underlines the strong confidence towards UkrSibbank by international investors.
The loan is trade-related and the proceeds will be used to support the borrower’s major clients “export and import activities. Some 14 banks (including the mandated lead arrangers) have joined the facility.
RZB acted as bookrunner and Stanadrd as facility and documentation agent.
Senior arranger is Vneshtorgbank. Senior co-arrangers are Anglo-Romanian Bank, Commerzbank, Kuwait Investment Company, and Mashreqbank.
Lead managers are AKA Ausfuhrkredit, Export-Import Bank of the Republic of China, and Demir-Halk Bank (Nederland).
Managers are Atlantic Forfaitierungs, Bank of Overseas Chinese, Dresdner Bank, and Cooperatieve Centrale Raiffeisen-Boerenleenbank.