OREANDA-NEWS. September 19, 2011. B&N Bank (JSC) has signed a Facility Agreement in relation to a syndicated trade-related term loan facility amounted to USD 50m., reported the press-centre of B&N Bank.  

OJSC “ALFA-BANK”, Raiffeisen Bank International AG, ZAO Raiffeisenbank, JSC VTB Bank and VTB Bank (Deutschland) AG (acting as Facility Agent) acted as Mandated Lead Arrangers (“MLAs”) under the Facility.    

The Facility with bullet repayment at maturity has a tenor of 364 days. Interest rate on the Facility is LIBOR+4% p.a. The proceeds of the Facility will be used for financing and refinancing of the trade related projects of the Bank’s customers.