On July 2020, ОАО ASB Belarusbank has raised 60 million euro as a syndicated loan, marking the first transaction in the Belarussian market for BCS Global Markets, which builds on its vast experience in this area in Russia and the CIS. Our team made a debut as the Mandated Lead Arranger of a syndicated loan. BCS Global Markets believes syndicated lending will continue to develop in Belarus and is planning to arrange new deals going forward.
Two tranches were issued as part of the deal, 12-month Tranche А and 18-month Tranche B. The loan will be used for general corporate purposes as well as to finance trade contracts of the borrower’s customers related to the imports of goods, equipment and services from Russia and other countries. The deal has been closed under Russian law with the participation of nine financial institutions from four countries.
ОАО ASB Belarusbank is the largest universal systemically important lender in Belarus offering the full range of banking products and services. It is a leader in terms of equity, assets, loan book, and deposits.
The Bank has international ratings from the world’s top agencies: B from Fitch, B from S&P, Caa1 from Moody's.
A message from management of BCS Global Markets
The continuously evolving nature of the global coronavirus situation has meant we at BCS Global Markets (BCS) are taking all necessary steps to keep business disruption to an absolute minimum.
Effective from today (Wednesday 18th March) employees from all divisions of the business based in our Russia, UK, USA and Cyprus offices who can work from home without creating any even minor possible risk for business continuity of the Group will be working remotely. It is very much business as usual at BCS. Our employees are equipped with secure access to our systems and will follow their normal working hours, keeping in regular contact with their colleagues and clients.
Despite ongoing disruption caused by COVID-19, we want to also assure you that following a sustained period of positive performance, our capital and liquidity position remains very strong. The business is well-placed to meet any subsequent financial challenges and will continue to go above and beyond for our clients.