AK BARS Bank participated in the syndicated loan for JSC Belagroprombank. The facility agreement was signed on 24 March, 2016. The total amount of the deal exceeded €165 mln. The syndication transaction became the second deal for AK BARS Bank with Belorussian financial institution. The Bank considers the Eurasian Union markets as an important strategic direction for the expansion of its business.
There are 9 participating parties within the syndicate including JSC Alfa Bank (Mandated Lead Arranger and Agent Bank), Transcapitalbank, PJSC Promsvyazbank, PJSC JSC Sviaz-bank, JSC Russian Agricultural Bank, Eurasian Development Bank, JSC Bank Finservice, Joint Stock Oil-Industrial Investment Commercial Bank.
AK BARS Bank acted as Arranger and Participant bank with its share of €10 mln.
AK BARS Bank continues to develop cooperation with financial institutions within the Eurasian Economic Union and CIS countries in the framework of syndicated credit projects as well as trade finance.
Considering current market conditions, the transaction was closed on favorable terms for a lender. The deal became another milestone in the development of the Bank’s business with EAEU countries in debt capital market.