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Deutsche Bank and RZB have launched general syndication of a US$100mn syndicated trade finance facility for Halyk Bank of Kazakhstan. Four levels are on offer: US$7.5mn, US$5mn, US$3mn and US$2mn. The margin is 225bp and has a one-year maturity with a 12 month extension option.
The bank has a BB- rating from Fitch and a Ba1 rating from Moody’s.