Bank of Tokyo-Mitsubishi UFJ (bookrunner), Dresdner Kleinwort Wasserstein (bookrunner), ING Wholesale Banking (bookrunner), Natexis Banques Populaires (bookrunner) and Sumitomo Mitsui Banking Corporation Europe (facility agent) as initial mandated lead arrangers have been mandated to arrange a US$200mn trade-related syndicated loan facility for OJSC Bank UralSib. Syndication has been launched.

The loan is priced at 60bp over Libor with a tenor of 364 days. The loan will finance certain export-import transactions.

Banks have been invited to join the facility at one of the following levels: Arrangers with a commitment of US$10mn at 40bp; co-arrangers with US$7.5mn at 32.5bp; lead managers with US$5mn at 25bp; managers with US$3mn at 20bp.

A selective group of banks has been approached to participate at senior level.

Uralsib was formed from the merger of Ural-Siberian Bank with its subsidiary Kuzbassugolbank and its three sister banks Avtobank-NIKoil, IBG NIKoil and Bryansk Narodny Bank.