TRANSKAPITALBANK, Novikombank and Promsvyazbank acted as Mandated Lead Arrangers in EUR35mln / USD25mln dual currency 6 months syndicated loan facility for BELINVESTBANK.
Asian-Pacific Bank also joined the deal as the Arranger.
BELINVESTBANK will use the attracted facility for financing trade contracts of his clients related to imports of various goods and services from Russian Federation and some other countries. This is the 8th syndicated term loan facility attracted by BELINVESTBANK on the international capital markets.
This transaction is a debut one on the Russian and Belarusian syndicated loan markets structured on the basis of the standardized facility documentation under Russian Law. This documentation was presented to banking society by Regional Russian Banks Association for the first time in February 2015.
This syndicated loan is the 3rd one, which TRANSKAPITALBANK has arranged for Belarusian banks for the recent half a year. Despite that turbulent situation on the CIS syndicated loan market the deal has been successfully closed within the tight timeline and the international lenders showed their confidence in Belarusian credit exposure on this market.
«TRANSKAPITALBANK look for becoming a key partner for financial institutions from EEU (Eurasian Economic Union) and CIS regions. Arrangement of the syndicated loans for EEU/CIS banks is considered as one of the core products within TKB’s FI business together with transaction banking services, treasury operations, trade finance and export finance backed by EXIAR insurance cover» - said Elena Shirinskaya, VP in TRANSKAPITALBANK.