Citigroup and Deutsche Bank AG London as mandated arrangers have closed the syndication of a US$240mn term loan facility for Vneshtorgbank (VTB).
The successful syndication was originally launched at US$100mn and increased after discussions with VTB.
The facility has two tranches: 364 days and 18 months and can, at VTB’s request and the lenders’ discretion, be extended. The following banks joined the facility at lead arranger level: Bayerische Hypo-und Vereinsbank AG (HVB), DePfa Investment Bank Ltd, Donau-Bank Aktiengesellschaft, ING Bank NV, International Moscow Bank, Raiffeisen Zentralbank Ősterreich AG and The Bank of Tokyo-Mitsubishi, Ltd.
The facility is presently in documentation and is expected to be signed in Moscow in late November. Full details of the syndicate will be announced at signing.