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UMMC enhances the share of syndicated loans in its credit portfolio

06/18/2021
UMMC enhances the share of syndicated loans in its credit portfolio

JSC UMMC signed RUB15 bn syndicated loan under the Russian law with the top quality foreign and Russian banks. AO Raiffeisenbank acts as the documentation agent and facility agent under this facility. The club facility arranged by Raiffeisenbank includes Russia’s top banks PJSC Sberbank, Bank "Saint-Petersburg" PJSC and Credit Bank of Moscow. 

“This deal is the fourth facility executed with our partner AO Raiffeisenbank with whom we have cooperated for many years. Just as before the execution of this Russian law Ruble syndicated facility was coordinated smoothly among Raiffeisen and the financial institutions invited to the lenders club. Furthermore, we have enhanced our strategic partnerships with Russian banks that play leading roles in the syndicated loan market in Russia. We greatly appreciate the trust and highlight the professionalism of AO Raiffeisenbank teams the lead arranger and our Russian partner banks, Sberbank, Bank Saint Petersburg and Credit Bank of Moscow” - Andrey Kozitsyn, CEO of UMMC, commented. 

“UMMC constantly monitors novelties in Russian and international law and applies new transaction structures. The leading bank in Russia with a great experience in syndicated lending Raiffeisenbank has been supporting UMMC in arranging facilities in foreign currencies for several years now. And we appreciate the company choosing us as their Russian Ruble syndicated loan arranger. The actual deal is an example of seamless collaboration among the largest state-owned banks and private banks. We would like to thank UMMC for the long-standing partnership and Sberbank, Credit Bank of Moscow and Bank Saint Petersburg for their interest in this new syndicated loan transaction” - Dmitry Sredin, Head of Raiffeisenbank Large Corporate Customers and Investment Banking Products Divisions commented. 

The deal was signed as a 5-year syndicated loan. Clifford Chance CIS Limited Moscow office acted as the legal advisor to the lenders. 

Ural Mining & Metallurgical Company (UMMC) – Russian mining and metallurgical group of companies. UMMC is the largest producer of copper, zinc, coal and precious metals in Russia. Over 40 industrial enterprises in Russia and abroad are owned by UMMC. 

AO Raiffeisen Bank is a subsidiary of Raiffeisen Bank International. AO Raiffeisen Bank is one of the most credible Russian banks, which provides financial services and products for private and corporate clients citizens or non-citizens of Russia. Raiffeisen Bank International AG is the leading corporate and investing bank on the financial market of Austria and countries of Central and Eastern Europe. 

Raiffeisen Bank International AG is presented on 13 markets of Central and Eastern Europe and provides wide range of financial services including leasing, asset management and M&A transactions support.