$313 million syndicated term loan facility for Bank Uralsib oversubscribed and increased
Bayerische Landesbank (BayernLB), Credit Suisse, Emirates NBD, ING and National Bank of Oman were the initial mandated lead arrangers on a $313 million syndicated term loan facility for OJSC Bank Uralsib. The facility has a tenor of 364 days and pays a margin of 1.00 per cent a year over LIBOR. Proceeds of the facility will be used by Uralsib to finance trade related contracts of its clients. The Facility agreement was signed on 3 July.