ABN Amro and Deutsche Bank London have agreed a loan to Kazakhstan’s ATF Bank. The transaction represents the 12-month extension and increase of a US$62mn loan signed, amended and restated in October and November 2003. The proceeds of the extension will be used to finance specific trade contracts of select customers of the borrower. The margin is 1.80% per year.
In total 25 banks participated in the transaction. Mandated lead arrangers were ABN Amro and Deutsche Bank London.
Lead arrangers were Demir-Halk Bank (Nederland) and HSH Nordbank.
Arrangers were JPMorgan Chase.
Co-arrangers were Citibank Kazakhstan, HVB Group (Bank Austria Creditanstalt and Bayerische Hypo-und Vereinsbank), Wachovia Bank.
Lead managers were American Express GmbH, Bankgesellschaft Berlin, Bre Bank, Commerzbank, FBN Bank (UK), GarantiBank International, Israel Discount Bank of New York, Mashreqbank, Natexis Banque Populaires and Raiffeisenlandesbank Niederoesterreich-Wien.
Managers were Rabobank International, Baden-Wurttembergische Bank, Banca Nazionale del Lavoro London, Bank of Montreal, Dresdner Bank Luxembourg and Bank of New York.
ATF Bank is the fourth largest bank in Kazakhstan with total assets at July 1, 2004 of Kt146.85bn (US$1.079bn) and total shareholders “equity of Kt14.724bn. The bank has a long-term credit rating from Moody’s of Ba1.