TRANSKAPITALBANK arranged debut syndicated loan facility for the banking system of Uzbekistan

  • 01.08.2019
    Bank news
    TRANSKAPITALBANK arranged debut syndicated loan facility for the banking system of Uzbekistan

    TRANSKAPITALBANK (TKB) arranged debut syndicated loan facility for Qishloq Qurilish Bank (QQB) amounting to EUR 16 mln and USD 3.5 mln as a Mandated Lead Arranger (MLA).

    The deal is structured as a loan with 1 year tenor with extension option for general corporate purposes and financing of the trade contracts of the Qishloq Qurilish Bank’s customers.

    Promsvyazbank, Uralsib Bank, Altyn Bank (the subsidiary of China CITIC Bank Corp.), Asia Pacific Bank, J&T Bank and Alef Bank also joined this deal as the Lenders.

    Elena Shirinskaya, Deputy Chairman of the Management Board outlined: “It is a debut syndicated loan facility arranged for the banking system of Uzbekistan under Russian law. It is a great honour for us that QQB chose TKB as MLA and bookrunner of this deal. Nevertheless it was the first syndicated loan facility for the Borrower, the deal was concluded within very short period. Uzbekistan became a driver of growth in Central Asia thanks to vast economic reforms in the country. Lots of investors including World Bank, EBRD, ADB etc. are very interested in investments into Uzbekistan”.

    TKB is a key partner of integration processes EAEU and CIS. Arrangement of syndicated loan facilities for financial institutions of EAEU/CIS is one of the main business lines within program “Bank for Banks” along with multicurrency settlements, treasury operations, trade finance business on blank basis and under guarantee of EBRD, IFC, ADB and EXIAR.

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