Russia’s Uralsib has closed a US$110mn syndicated term-loan facility with three international banks.

Emirates NBD Bank, Standard Chartered and Wells Fargo are the initial mandated lead arrangers and bookrunners on the one-year loan.

The facility, which was initially launched at US$100mn, was oversubscribed by US$10mn and has a margin of 200 basis points over Libor.

The loan will be used for general trade finance purposes, Uralsib says.

Uralsib also found success in its last oversubscribed loan in 2010, which raised US$275mn from a syndicate of 17 international banks.