Tsesna International BV, Netherlands, guaranteed by Tsesnabank, Kazakhstan, has mandated Commerzbank and Standard Bank Plc as initial mandated lead arrangers and bookrunners to arrange on their behalf a US$30mn syndicated term loan facility with a maturity of 370 days from the drawdown date and a bullet repayment.
Proceeds are being made available for trade finance purposes.
The transaction was successfully syndicated and oversubscribed to US$54mn.
The margin is 2% per year.
Joining as mandated lead arrangers are: Dresdner Kleinwort, JSC Citibank Kazakhstan, and VTB Group.
FBN Bank (UK) is lead arranger, while LHB International Handelsbank is manager.
