OREANDA-NEWS. December 29, 2011. BANK URALSIB raised one-year syndicated term loan on the total amount of USD  132 mln and margin 2,25% over LIBOR. The proceeds from the loan will be used to finance and refinance general trade finance purposes of URALSIB’s clients.

Syndicated loan was jointly arranged by Commerzbank Aktiengesellschaft, ING Commercial Banking, Raiffeisen Bank International AG and VTB Bank (Deutschland) Aktiengesellschaft.

Upon attracting commitments from additional six banks, the Facility was increased from the launch amount of USD 100M by 32 per cent. Other participants of the deal are Raiffeisenlandesbank Oberosterreich, BHF-BANK, Citibank, Royal Bank of Scotland, Bank of Ireland and Adria Bank.

The syndication result and the oversubscription in this difficult market conditions clearly demonstrate the strong support that BANK URALSIB enjoys with both its core relationship banks and a wider international lending community.