TRANSKAPITALBANK arranged syndicated loan facility for state-owned bank MIKROKREDITBANK (Uzbekistan)

  • 12.03.2020
    Bank news

    TRANSKAPITALBANK (TKB) together with Promsvyazbank arranged syndicated loan facility for the state-owned bank MIKROKREDITBANK (Uzbekistan) amounting to EUR 64 mln and USD 25 mln as Mandated Lead Arrangers (MLA) and Bookrunners. The loan is granted for general corporate purposes and financing of the trade contracts of the MIKROKREDITBANK’s customers.

    BCS Bank (Russia), International Financial Club (Russia), Eximbank of Russia (Russia), Altyn Bank (Kazakh subsidiary of CITIC Bank Corp., China), Nefteprombank (Russia), Banca Intesa (Russian subsidiary bank of the Intesa Sanpaolo Group, Italy), Expobank (Russia), Halyk Savings Bank (Kazakhstan), Belagroprombank (Belarus), Belinvestbank (Belarus), International Bank of Azerbaijan (Azerbaijan), J&T Bank (Russia) also joined this deal as Lead Arrangers.

    Elena Shirinskaya, Deputy Chairman of the Management Board outlined: “It is a debut syndicated loan facility arranged for MIKROKREDITBANK. The deal was concluded with double oversubscription within very short period. The deal attracted an outstanding club of investors from different countries – Belarus, Azerbaijan, Kazakhstan and China. During the last year over USD 100 mio has been injected into Uzbek economy via syndicated loan facilities for Qishloq Qurilish Bank and JSCB AGROBANK arranged by TKB and Promsvyazbank.

    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”.

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