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.
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$15m, 364 day Trade Related Syndicated Term Loan Facility for OJSC BANK URALSIB
- United Arab Emirates: Tuesday, May 27 - 2008 at 15:02
- PRESS RELEASE
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").
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Posted by Eman HassanTuesday, May 27 - 2008 at 15:02 UAE local time (GMT+4)
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