JSC VTB Bank (the Initial Mandated Lead Arranger), VTB Bank (Deutschland) AG (the Mandated Lead Arranger and Facility Agent) and a consortium of lenders signed a USD 59,500,000 Dual Tranche Trade-Related Syndicated Term Loan Facility for OJSC Belarusian Bank for Development and Reconstruction (Belinvestbank).
The Facility has a split for 12-months tranche and 6-months tranche.The proceeds of the Facility will be made available for financing certain export-import contracts of the Borrower’s major customers.
The following banks have joined the Facility: Bank of Khanty-Mansiysk, FBN Bank (UK) Ltd., JSC GLOBEX Commercial Bank, JSCB – Bank of Moscow (open joint stock company), OJSC Investtradebank (Lead Arrangers); Atlantic Forfaitierungs AG, Banque de Commerce et de Placements, Credit Europe Bank N.V., London Forfaiting Company Limited (Co-Arrangers).
Belinvestbank ranks among TOP-5 Belarusian banks by capital and total asstes. As of 01.01.2010 the total equity of Belinvestbank equalled to USD 195 million and assets exceeded USD 1,7 billion according to IFRS. More than 92% of the Bank’s share capital is owned by The State Committee on Property of the Republic of Belarus and The National Bank of the Republic of Belarus. At the moment the Bank is rated by Fitch Ratings Agency (B- with Negative outlook) and Moody’s Investors Service Ltd (B2 with Stable outlook).