DUSHANBE, February 15, 2013, Asia-Plus — Tajikistan’s largest commercial bank, Orienbonk, will receive a syndicated loan from Russian and Kazakh banks.
A mandate on the attraction of the next syndicated loan by Orienbonk was signed here at the beginning of this week.
Novikombank and Russlavbank from Russia and Kazakhstan’s Kazkommertsbank will provide the syndicated loan to Orienbonk to support trade finance in the country, according to Orienbonk’s headquarters in Dushanbe.
It is already the second syndicated loan arranged for Orienbonk by Novikombank.
According to information posted on Novikombank’s website, the loan is provided for the period of six months with possible six-month extension. The loan will go to financing foreign trade transactions.
A syndicated loan is one that is provided by a group of lenders and is structured, arranged, and administered by one or several commercial banks or investment banks known as arrangers.
