Standard Bank Plc, as mandated lead arranger, and a syndicate of lenders have signed a US$20mn syndicated term loan facility for Rodovid Bank, Ukraine.
The deal was 100% oversubscribed and Rodovid elected to increase the facility amount from the US$10mn launch amount. The oversubscription underlines the strong confidence of international investors in Ukraine and in the Ukrainian financial institution sector, claim participants.
Rodovid, Ukraine’s fastest growing and 20th largest bank by assets in 2007, and 18th in terms of capital was created in 1990 as open Bank Percombank. With the arrival of new shareholders and management in the summer of 2004, the bank was renamed Rodovid.