CBM raises up to USD 350 mln syndicated loan


On 16 April 2020, CBM signed an up to USD 350 mln 1-year syndicated loan agreement with largest lenders from Europe, the USA and Middle East. The proceeds are intended for financing trade-related operations of the Bank’s customers.

CBM remains the only CIS financial institution present in the syndicated loan market every year: this is the third international syndicated loan transaction in the last two years. The agreement 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.

This year is marked by a further broadening of CBM's pool of lenders, which also has a geographical dimension. The Bank continued to intensify its cooperation with Middle Eastern financial institutions. THE SAUDI NATIONAL COMMERCIAL BANK's participation in the transaction validates the success achieved in, and the prospects of, developing mutually beneficial business with that region.

CITIBANK N.A., LONDON BRANCH, ING BANK and THE SAUDI NATIONAL COMMERCIAL BANK acted as Mandated Lead Arrangers and Bookrunners. They were flanked by RAIFFEISEN BANK INTERNATIONAL AG, PJSC ROSBANK and CREDIT SUISSE (SWITZERLAND) LTD. as Lead Arrangers. ING BANK, London Branch was the Facility Agent.

"When the entire global economy and the financial sector in particular are facing tough challenges, the successfully closed syndicated loan transaction confirms that CBM is well reputed and highly trusted by international partners”, noted Vladimir Chubar, Chairman of the Management Board.