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Rosbank raises US$270,000,000 Syndicated Term Loan Facility
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| 10.07.2008 - Cbonds |
Rosbank raises US$270,000,000 Syndicated Term Loan Facility
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On behalf of Joint Stock Commercial Bank “ROSBANK” (Open joint-stock company) (“ROSBANK” (OJSC JSCB)), the Mandated Lead Arrangers Erste Bank der oesterreichischen Sparkassen AG, Landesbank Berlin AG, Raiffeisen Zentralbank Österreich AG and WestLB AG, London Branch, are pleased to announce the successful closing of the US$ 270,000,000 Syndicated Term Loan Facility for “ROSBANK” (OJSC JSCB).
The facility was launched on 7 May 2008 at US$ 125,000,000. Due to the very positive response from the market, the deal was heavily oversubscribed and the facility amount increased.
The signing took place on 09 July 2008.
Key parameters of the Facility:
Tenor: 1 year with a 1 year extension option
Margin: 0.75% p.a.
Purpose: General corporate and trade finance purposes
Repayment: Bullet
Roles allocated:
Bookrunners: Erste Bank, LBB, RZB, WestLB
Facility Agent: WestLB, London Branch
Documentation: WestLB
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Issuer profile: Joint Stock Commercial Bank “ROSBANK” (Open joint-stock company) is one of the largest privately owned banks in Russia (it operates about 650 outlets, including 67 branches, in the majority of Russia’s regions). ROSBANK has consistently maintained its presence as one of the top 10 banks in Russia.
Interros, a holding company, is the principal shareholder of ROSBANK. In June 2006 French bank Societe Generale acquired a 10% minority stake in ROSBANK. In September 2006 Societe Generale increased it’s share in capital of ROSBANK to 20%.
The Banker magazine (2006, July) ranked ROSBANK 511th among banks globally in terms of shareholders’ equity, which makes it the fastest growing Russian bank and one of 51 banks globally that moved up more than 100 positions in one year.
ROSBANK’s primary activities include retail and corporate banking, investment banking, treasury related operations, trade finance, asset management, private banking, custody and depositary services, international and domestic settlement services, credit card services. Outstanding issues:
2 issue(s) outstanding worth RUR 10 000 000 000
2 issue(s) outstanding worth USD 430 000 000
Issuer's rating:
| Standard&Poor's |
BB+/Stable |
Int. Scale (foreign curr.) |
09/22/2008 |
| Standard&Poor's |
BB+/Stable |
Int. Scale (loc. curr.) |
09/22/2008 |
| Standard&Poor's |
ruAA+ |
National Scale (Russia) |
09/22/2008 |
| Moody's |
Baa3/Positive |
Int. Scale (foreign curr) |
02/18/2008 |
| Moody's |
Baa3/Positive |
Int. Scale (loc. curr.) |
02/18/2008 |
| Fitch Ratings |
A-/Stable |
Int. Scale (foreign curr.) |
02/18/2008 |
| Fitch Ratings |
AAA(rus)/Stable |
National Scale (Russia) |
02/18/2008 |
| Fitch Ratings |
A-/Stable |
Int.l Scale (local curr.) |
02/18/2008 |
| Moody's Interfax Rating Agency |
Aaa.ru |
National Scale (Russia) |
02/18/2008 |
| National Rating Agency |
AAA |
National scale (Russia) |
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| Rus-Rating |
BBB+/Stable |
National scale (Russia) |
07/16/2008 |
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