TRANSKAPITALBANK (TKB) together with Promsvyazbank arranged debut syndicated loan facility for the state-owned bank JSCB AGROBANK (Uzbekistan) amounting to EUR 60 mln and USD 13.5 mln as Mandated Lead Arrangers (MLA) and Bookrunners. The deal is structured as dual currency tranches.
The loan is granted for general corporate purposes and financing of the trade contracts of the JSCB AGROBANK’s customers.
Uralsib Bank (Russia), Altyn Bank (the subsidiary of China CITIC Bank Corp.), Novikombank (Russia), Russian Regional Development Bank (Russia), BELARUSBANK (Belarus), International Bank of Azerbaijan (Azerbaijan), Ak Bars Bank (Russia), Bank CenterCredit (Kazakhstan), J&T Bank (Russia) and VUZ-BANK (Russia) 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 JSCB AGROBANK under Russian law. It is a great honour for us that JSCB AGROBANK chose TKB and Promsvyazbank as MLAs and Bookrunners of this deal.
Nevertheless it was the first syndicated loan facility for the Borrower, the deal was concluded with double oversubscription within very short period. During last 6 months over USD 100 mio has been injected to the Uzbek economy via syndicated loan facilities for Qishloq Qurilish Bank and JSCB AGROBANK arranged by TKB.
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.