Russia
Mandated lead arrangers and bookrunners Alfa Bank and Commerzbank have launched syndication of Rb2.3bn for factoring services company Eurocommerz. The deal was entirely denominated in rubles and will be targeted mostly at local banks.
The facility has a one year maturity with a 12 month extension option.
It carries a margin of 650bp over Mosprime, and banks are being invited to commit to the deal on a take-and-hold basis. Co-arranger tickets of Rb550m are on offer for a participation fee of 150bp. There are Rb350m lead arranger tickets for 135bp, Rb200m arranger tickets for 115bp and Rb100m manager tickets for 75bp.
The borrower is half owned by the Russia New Growth Fund, a private equity fund managed by Troika Capital Partners, and which counts the European Bank of Reconstruction and Development and Temasek among its investors.
The rest of EuroKommerz is owned by the company’s management.
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BNP Paribas, Commerzbank and HSBC have been mandated to arrange a $100m loan for European Bearing Corporation. The facility is expected to come to market next week. The borrower manufactures ball bearings.
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Banks will be signed into the $75m facility for car leasing company Europlan today (Friday). BNP Paribas, Commerzbank and RZB arranged the deal, which has a three year tenor and pays a margin of 350bp over Libor.
During syndication, banks were offered $10m mandated lead arranger tickets for 100bp, $7.5m lead arranger tickets for 80bp and $5m arranger tickets for 65bp.
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Banks have been signed into the $270m facility for Rosbank, after the deal was oversubscribed in syndication and increased from $125m. Erste Bank, Landesbank Berlin, RZB and WestLB were mandated lead arrangers; 14 banks joined the transaction in syndication.
The facility has a one year tenor, with a one year extension option, and pays a margin of 75bp.
The borrower is 57.57% owned by Société Générale.
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Barclays Capital, Calyon, RZB and UniCredit have been mandated to arrange a debut $400m loan for titanium producer VSMPO-Avisma. The mandate is being finalised, and the facility is expected to come to market shortly.
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Ukraine
Bank Finance and Credit is back in the market with a $30m trade-related facility — its second venture in the loan market this year, after it signed a $70m loan in April.
The new deal has been launched into syndication by mandated lead arrangers and bookrunners Banco Finantia, BayernLB and Standard Bank.
The one year deal pays a margin of 195bp over Libor. Banks are being offered mandated lead arranger tickets of $5m or more for 215bp, co-arranger tickets of $3m or more for 205bp, and lead manager tickets of $2m or more for 195bp. This brings the all-in yield for each ticket to 410bp, 400bp and 390bp respectively.
RZB, Standard Bank and VTB Bank arranged the borrower’s last deal. That $70m facility also paid a margin of 95bp, and was slightly oversubscribed in syndication, but not increased. |
