The Facility's has a one-year tenor with a one-year extension option, and carries a margin of 320bp. The proceeds are to be used to finance select import and export contracts of the Bank. Following a substantial oversubscription, the deal was increased from the launch amount of USD 25m, and represents the largest to date facility raised by Prominvest in the international loan market.
Prominvestbank is a universal commercial bank created in 1992, and ranking as Ukraine's 3rd largest bank in terms of total assets (c. USD 2,874 million) as of 31 December 2005.
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