SlavinvestBank Attracted its First International Syndicated Loan
OREANDA-NEWS. On July 13, 2007 LLC “Slavinvestbank” announced that its US$67 million Syndicated Loan (the “Facility”) was successfully signed on 9 July, 2007, reported the press-centre of LLC “Slavinvestbank”.
The Facility closed 67% oversubscribed from the launch amount of US$40 million. This is the first international syndicated loan for SlavinvestBank.
This one-year (364-day) Facility was provided to finance and refinance SlavinvestBank’s trade finance activities with an interest margin of 1,75% p.a. above LIBOR and bullet repayment.
Standard Bank Plc acted as sole Initial Mandated Lead Arranger, Bookrunner and Agent.
SlavinvestBank’s Strategic Partner – JSC “Bank TuranAlem”, Kazakhstan (BTA) has provided a Letter of Comfort to support the facility.
There are 19 lenders in the syndicate from 12 different countries including: Standard Bank Plc acting as Initial Mandated Lead Arranger; Credit Europe Bank N.V., Erste Bank der oesterreichischen Sparkassen AG, Eurasian Development Bank, ICICI Bank Eurasia LLC, Joint Stock Commercial Bank - Bank of Moscow (open joint stock company), Joint-Stock Company ''Banque Societe Generale Vostok'', RZB Group /Raiffeisen Zentralbank Osterreich AG and ZAO Raiffeisenbank Austria/ and WestLB AG acting as Mandated Lead Arrangers; FBN Bank (UK) Ltd, N.V. De Indonesische Overzeese Bank, VTB Bank Europe plc and Wachovia Bank, National Association acting as Lead Arrangers; LHB International Handelsbank Aktiengesellschaft and VTB Bank (Deutschland) AG acting as Arrangers and Abanka Vipa d.d., Nova Ljubljanska banka d.d., and The Bank of New York acting as Lead Managers.
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