denotes premium content | Sep 8 2008 News
posted 25 Jun 2008
Deal news
Belarusbank secures $45m syndicated term loan
Belarusbank has secured a syndicated term-loan facility of $45m, with Bayerische Landesbank and Commerzbank AG acting as mandated lead arrangers and bookrunners.
The facility will enable Belarusbank to back the trade finance activities of its clients, which include all the big industrial concerns in the CIS state, such as Beltransgas, Minsk Tractor Works, Belarusian Metal Works and Belarusian Potash Company.
The syndication had been launched in April at $20m, but was raised following oversubscription to $45m. The deal has a tenor of 364 days and boasts a margin of 285 basis points over Libor.
Deal breakdown
MLAs and bookrunners
BayernLB and Commerzbank AG
Arrangers
FBN Bank and OTP Bank
Co-arrangers
AKA Ausfuhrkredit-Gesellschaft, DZ Bank and Landesbank Berlin AG
