OREANDA-NEWS. VTB and Bayerische Landesbank (the Mandated Lead Arrangers and Bookrunners) and a consortium of lenders have signed into a EUR 65 million. Syndicated Term Loan Facility for the Republic of Belarus represented by the Ministry of Finance.

The loan has a maturity of 364 days with an extension option for another 364 days and pays a margin of 3,50% p.a.

The deal was well received in the market and increased from the launch amount of EUR 50,000,000.

This is the second syndicated loan arranged for the Republic of Belarus. Previously the borrower tapped the international loan market in December 2005 with a USD 32 million (upped from USD 15 million.) 364 days facility with a 364 days extension option. MLAs were VTB, RZB and Priorbank JSC.