TransCapital gets IFC funds and loan

TransCapital gets IFC funds and loan

Published: May 17, 2013

Russian bank borrows combined US$168mn for trade finance deals.

TransCapital Bank, a Russian bank, has tapped the international markets for new funds to help it support small and medium-sized businesses.

Advised by the IFC, the private-sector arm of the World Bank, the bank has borrowed €116.5mn (US$149mn), which it will use to back clients’ foreign trade transactions, as well as receiving US$18.2mn from the IFC itself.

Mandated lead arrangers and bookrunners on the loan were Commerzbank, VTB Bank, Standard Chartered Bank and Raiffeisen Bank International.

Lead arrangers were Amsterdam Trade Bank, Credit Europe Bank and Isbank, while Intesa Sanpaolo was co-arranger.