Russia
MDM Bank is in the market with a $500m loan as part of a financing package led by the International Finance Corp. The deal was increased from $350m this week, after the arrangers decided they had enough banks participating in the deal at the top level to be able to increase it.
The IFC is providing a $35m, four year ‘A’ loan, while 12 banks are leading the $500m, one year term loan ‘B’.
Calyon (books), Commerzbank, DZ Bank, Deutsche Bank, Emirates Bank, Erste Bank (books), ING (books), Intesa Sanpaolo, Korea Development Bank, RZB (books), SMBC and Wachovia are leading the ‘B’ loan. It pays a margin of 90bp.
All-in pricing for the top ticket on offer is 210bp. Replies are due by June 13.
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The $180m loan for independent television company CTC Media has been launched into syndication. ABN Amro, BNP Paribas, ING and RZB are mandated lead arrangers and bookrunners. The deal has a two year tenor, with a 12 month extension option, and pays a margin of 300bp over Libor.
Proceeds will back the borrower’s acquisition of DTV Group, another Russian broadcaster, for $395m.
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The $1bn facility for Gazprom-Neft has been launched into the market. The borrower is the oil business of Russia’s state-owned Gazprom, and is the fifth biggest oil company in the country by production and resources.
The loan is split into three and five year tranches, which carry margins of 150bp over Libor and 175bp respectively.
Banks are being offered tickets of $100m, $75m, $50m and $25m for 125bp, 110bp, 10bp and 90bp.
BBVA, Bank of Tokyo-Mitsubishi UFJ, Barclays Capital, SMBC and WestLB are all mandated lead arrangers and bookrunners on the transaction.
The last time the borrower came to market, last September, its $2.2bn facility paid 75bp.
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The last commitment on the $1bn loan for oil and gas company Lukoil came in this week. The arrangers described it as having a healthy oversubscription from the market. The borrower will not take an increase so allocations will be cut.
ABN Amro, Bank of Tokyo-Mitsubishi UFJ, BBVA, BNP Paribas, ING, Mizuho and WestLB are arranging the deal.
The unsecured facility was launched in mid-April. It is split between two tranches of three and five years paying 85bp and 95bp over Libor respectively.
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The $125m loan for Rosbank is oversubscribed, according to officials close to the deal. Erste Bank, Landesbank Berlin, RZB and WestLB are arranging the facility, which pays a margin of 75bp over Libor and has a one year tenor and a one year extension option. The borrower is expected to take an increase.
The borrower is Russia’s eight biggest lender, and is more than 50% owned by Société Générale.
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The $300m loan for ZAO UniCredit, or UniCredit Moscow, is oversubscribed, and could be increased to up to $470m, bankers close to the facility said this week.
The deal pays a margin of 90bp over Libor and has a three year tenor. Bank of Tokyo-Mitsubishi UFJ, BayernLB, DZ Bank, LBBW and UniCredit are initial mandated lead arrangers and bookrunners.
The borrower, which was called International Moscow Bank until last December and which bankers now refer to as UniCredit Moscow, is owned by UniCredit through Bank Austria.
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The $1bn dual tranche facility for VTB Bank is oversubscribed, and set to wrap up by next week. Bank of Tokyo-Mitsubishi UFJ, Barclays Capital, BayernLB, BNP Paribas, Citibank, Deutsche Bank, Intesa Sanpaolo, JP Morgan, Mizuho and SMBC are mandated lead arrangers and bookrunners.
The facility is split between three year money and an 18 month piece, which carry margins of 65bp and 60bp over Libor respectively.
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