OREANDA-NEWS. October 29, 2012. Promsvyazbank (“PSB”), one of the leading universal banks in Russia, is pleased to announce the successful closing of a one-year USD 307m and EUR 72m  trade-related term loan facility, reported the press-centre of Promsvyazbank.

The proceeds of the loan will be used for trade-related purposes. The facility refinances the previous one-year USD 350m syndicated loan signed on 20 October 2011 and has a margin of 1.90 percent per annum.

The facility attracted commitments from 19 international banks, highlighting the strength of Promsvyazbank’s banking relationships, and is the largest for a privately-owned Russian banks so far this year.

COMMERZBANK Aktiengesellschaft, Emirates NBD Capital Limited and Wells Fargo Bank, N.A. acted as joint Coordinators on the Facility and COMMERZBANK Aktiengesellschaft also acted as Documentation Agent and Facility Agent.

Artem Konstandian, President of PSB, commenting on the announcement, said: “We are pleased to successfully complete this syndicated loan, one of the largest in PSB’s history and on favourble terms for us. As we continue to focus on delivering on our strategy of deepening our relationships with our growing customer base, this loan facility will support the bank’s growth plans and underlines the solid credit standing that we enjoy with the international banking community. It supports our strategy to broaden our funding sources and maintain evenly spread maturities. This loan saw participation from Middle Eastern banks, further diversifying our geographical spread of funding sources.”

Banks:
Mandated Lead Arrangers and Bookrunners
Banc of America Securities Limited, COMMERZBANK Aktiengesellschaft, Deutsche Bank AG, London Branch, Emirates NBD Capital Limited, HSBC Bank plc, ING Commercial Banking, J.P. Morgan Limited, Raiffeisen Bank International AG, Standard Chartered Bank, UniCredit Bank Austria AG, VTB Bank (Deutschland) AG and Wells Fargo Bank, N.A.

Mandated Lead Arrangers
Credit Suisse AG

Arrangers
The Governor and Company of the Bank of Ireland and Citi

Lead Managers
Adria Bank Aktiengesellschaft, Landesbank Baden-Wurttemberg, Pohjola Bank plc and Raiffeisenlandesbank Niederosterreich-Wien AG.