OREANDA-NEWS. September 19, 2011. BANK URALSIB (OJSC “URALSIB” or the Bank) (RTS: USBN) raised one-year syndicated term loan with the total amount of USD  110 mln and margin 2,0% over LIBOR. The proceeds from the loan will be used to finance general trade finance purposes of URALSIB’s clients.

Syndicated loan was jointly arranged by Emirates NBD Bank PJSC, Standard Chartered Bank and Wells Farge Bank, N.A..

“Client’s demand for financing in foreign currency is growing together with the loan portfolio. We are delighted that thanks to our respected partners we had an opportunity to initiate a new syndicated loan deal. Despite unstable market situation we managed to raised the amount slightly larger then initially planed USD  100 mln, the raised amount fully satisfies current client’s demand in financing”, - commented Anton Zur, Executive Director, Head of International Business.

This successful for URALSIB deal was positively taken by international business fraternity. Apart from that, as it was pointed out by EUROWEEK (Issue 1221 – 9 September 2011): “It is the first post-crisis Russian loan led by a Middle East bank”.