OREANDA-NEWS. August 11, 2008. B.I.N.BANK signed the agreement for US 27 mln., reported the press-centre of B.I.N.BANK.

Syndicated Trade Related Finance Facility. The Facility was launched at US 20 mln. and was well received in the market achieving an oversubscription in general syndication of more than 30%.

The Facility has a term of 364 days and pays a margin of 2.50% p.a. above LIBOR. Landesbank Berlin AG and JSC VTB BANK act as the Mandated Lead Arrangers and Bookrunners on the syndication. The following banks have joined the Facility: AKA Ausfuhrkredit-Gesellschaft m.b.H; Commerzbank Aktiengesellschaft; VTB Bank (Deutschland) AG (Lead Managers); Banque de Commerce et de Placements SA; BRE Bank SA and Probanka, d.d. (Co-Managers). The proceeds of the Facility will be used for the Borrower’s trade finance activities.