Bank GPB (JSC) acted as Initial Mandated Lead Arranger and Bank Otkritie Financial Corporation acted as Arranger. In total 9 banks and one international financial institution took part in the transaction. The syndication was pooled not only by the long-standing partners of Belgazprombank but also by the financial institutions which have not previously had any experience of cooperation with Belarusian banks.
The immaculate reputation of the Borrower and Organizers, as well as the stable financial performance of Belgazprombank, ensured high interest of foreign investors in the transaction and resulted in raising funds for a period of 2 years with the option to extend maturity for the same term.
The loan proceeds will be used for general corporate purposes in line with the main strategic objectives of Belgazprombank – support of private business activities, development of small and medium-sized enterprises, implementation of export-oriented projects of Belarusian entities generating currency. The attracted funding will enable Belgazprombank to offer its clients flexible and comfortable financial solutions, as well as to improve the quality of loan products.
