JSC Vneshtorgbank, Moscow Narodny Bank Limited and JSB Gazprombank (CJSC) (Mandated Lead Arrangers and Bookrunners) and a consortium of lenders have signed into a dual-currency US$14,000,000 and ?5,000,000 trade related syndicated term loan facility for Belorussian-Russian Belgazprombank Joint Stock (Belgazprombank or BGPB).
The loan bears margin of 3.75 per cent p.a. above LIBOR and has a tenor of 364 days with an extension option for further 364 days.
The deal was well received in the market and increased from the launch amount of EUR 5,000,000/ USD 10,000,000. The following banks have joined the Facility: Finantia Securities Limited, GarantiBank International N.V. (Co-Arranger), Trade and Development Bank of Mongolia (Lead-Manager), Demir-Halk Bank (Nederland) N.V., FBN Bank (UK) Ltd, Finansbank (Holland) NV, Nova Ljubljanska banka d.d., Ljubljana, Joint Stock Company "Nurbank" (Managers).
Belgazprombank (BGPB) was established in 1990 and is among the country`s ten top banks in terms of assets and shareholders` equity (67.82% of BGPB`s shares belongs to JSC "Gazrpom" and JSB Gazprombank (CJSC)).
Previously Belgazprombank entered the international market in November 2005 when signed USD 15 mio Syndicated Term Loan Facility via MLA JSB Gazprombank.
In 2005, Fitch Ratings Agency assigned Belgazprombank long-term rating "B-" with "Stable" Outlook.