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The Facility pays a margin of 1.00% per annum and has a maturity of 364 days.
Proceeds of the facility will be utilized by the Borrower to finance trade-related transactions of its clients.
BayernLB, Credit Suisse, Emirates NBD and ING are the Bookrunners for this transaction with Emirates NBD being the Co-ordinating Initial Mandated Lead Arranger.
General syndication was launched on the 23rd of May 2008, with banks from across the globe invited to participate in the Facility.
$15m, 364 day Trade Related Syndicated Term Loan Facility for OJSC BANK URALSIB
OJSC 'BANK URALSIB', Russia (the 'Borrower') has mandated Bayerische Landesbank ('BayernLB'), Credit Suisse ('Credit Suisse'), Emirates NBD PJSC ('Emirates NBD'), ING Bank N.V. ('ING') and National Bank of Oman S.A.O.G ('National Bank of Oman') (together the 'Initial Mandated Lead Arrangers') to arrange a $150,000,000 Trade Related, Syndicated Term Loan Facility (the 'Facility').
- United Arab Emirates: Tuesday, May 27 - 2008 at 15:02
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Posted by Eman HassanTuesday, May 27 - 2008 at 15:02 UAE local time (GMT+4)
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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