OREANDA-NEWS. JSC Belagroprombank has signed the Syndicated Term Loan Facility Agreement for the amount of USD 63.5 mln attracting funds for the term of one year with the possibility of extension for the next one year period.

This deal is the largest among the Belarusian borrowers on the international debt capital market in the current year. The interest rate for the loan is LIBOR3M + 4,5% p.a. making the deal the most profitable one in relation to average market price of funding for Belarusian banks on the international public market of the untied borrowings accomplished in 2013. The deal under review is unique both in terms of the price and term.

The leading Russian and German banks and banking organizations participate in realization of the syndicated loan deal with JSC Belagroprombank, such as: JSC Bank VTB (Russian Federation), VTB Bank (Deutschland) AG (Germany), OJSC “ALFA-BANK” (Russian Federation), AKA Ausfuhrkredit-Gesellschaft m.b.H. (Germany), OJSC “Promsvyazbank” (Russian Federation), JSCB “NOVIKOMBANK” (Russian Federation), “Asian-Pacific Bank” (OJSC) (Russian Federation). VTB Bank (Deutschland) AG (Germany) is acting as an Agent.

This deal is the only one concluded this year on the Belarusian market of syndicated loans upon such terms and conditions under international law being evidence of high level of confidence and interest from the side of foreign investors towards JSC Belagroprombank.

JSC Belagroprombank is one of the largest banks in the Republic of Belarus and an active participant of the international debt capital market since 2006, when the debut deal of the syndicated loan was launched. Moreover JSC Belagroprombank was the first institution among the Belarusian borrowers to attract resources by means of credit notes having closed the deal the same year. The accumulated experience in the sphere of debt capital market operations also encouraged the successful placement of the credit notes of JSC Belagroprombank listed on the Frankfurt Stock Exchange in 2010. This issue with the three-year term placement stays the onliest for the Belarusian banking system.