CREDIT BANK OF MOSCOW raises a syndicated term loan facility for USD 400 million


22 March 2018 — CREDIT BANK OF MOSCOW («CBM») signed a USD 400 million 1-year syndicated facility agreement extendible for 1 additional year with top lenders from 10 countries in Europe, North America, Middle East and Asia. With its last year’s transaction, CBM remains the only Russian bank to tap the international syndicated loan market over the last two years. The Facility further supported the Bank’s leadership among Russian financial institutions in terms of the size and number of international borrowings in the public capital markets since 2014.

The Facility is one of the largest among the Bank’s 15 syndicated loan transactions closed during its presence on that market. The Bank also managed to reduce the pricing, beating its record achieved with the last year’s transaction. The proceeds are intended to finance trade-related operations of its customers.

«We appreciate the support and trust of our long-standing, reliable partners, with whom we have been growing and developing shoulder to shoulder for many years, and of those banks with whom we built fruitful relationships more recently despite the challenging conditions of international markets, — commented Vladimir Chubar, Chairman of the Management Board. — The success of this deal underlines the continuing international interest to the Russian banking sector in general, and to CREDIT BANK OF MOSCOW’s history and development potential in particular».

Commerzbank Aktiengesellschaft, Filiale Luxemburg, ING Bank N.V. and PJSC ROSBANK acted as Mandated Lead Arrangers and Bookrunners.

They were joined by Bank ICBC (joint stock company) as Senior Lead Arranger, AO CITIBANK; HARBIN BANK CO., LTD.; The National Bank of Ras Al Khaimah—Public Joint Stock Company; INTESA SANPAOLO BANK LUXEMBOURG S.A. and AKA Ausfuhrkredit-Gesellschaft mbH as Lead Arrangers, and UniCredit, Credit Suisse (Switzerland) Ltd., Landesbank Baden-Württemberg and Expobank LLC as Arrangers.

ING BANK N.V. acted as the Coordinator and Documentation Agent, and ING BANK N.V., London Branch will be acting as Facility Agent.