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The $50m one year trade financing deal for Exim Bank of India is nearing completion. Mandated arrangers Credit Lyonnais, Natexis Banques Populaires and Oversea-Chinese Banking Corp are waiting for one more bank to commit before closing the deal. Banks earn a margin of 25bp over Libor. Senior arrangers pledging US$10m or more earn a fee of 17bp and senior managers providing $5m-$9m receive 15bp. The four banks that have committed to the deal are Gulf Bank with $10m, and Exim Bank of the Republic of China, SG and United Overseas Bank injecting $5m apiece. Proceeds are to fund trade financing activities. The deal will be closed early next week.