Euroweek. Russia and CIS Syndicated Loans news in brief.

The $125m facility for Eurasian Development Bank has closed, after scoring a big oversubscription during syndication. The loan was more than 2-1/2 times oversubscribed, bankers close to the transaction said, and the borrower is expected to take the full increase. The loan will be signed in early August.

It was launched in mid-June by leads ING, SMBC, RZB and WestLB.

It is the borrower’s third syndicated loan. The deal has a two year tenor and pays a margin of 100bp over Libor.

The EBD is a joint Kazakh-Russian venture set up in January 2006 to enhance co-operation in the region. The borrower recently said it has big expansion plans in coming years, in its geographical reach and in terms of its lending book.