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Raiffeisenbank Russia together with Raiffeisen Bank International AG as one of the arrangers closed a CHF 2 bln club loan for Renova Group of Companies

Raiffeisenbank together with Raiffeisen Bank International AG as one of the arrangers closed a CHF 2 bln club loan for Renova Group of Companies. The Facility is structured as a self-arranged club deal and divided into 4 tranches with tenors ranging from 4 to 7 years. The club was arranged by the following banks: Credit Suisse AG acting as the Security Agent, ING Bank N. V. acting as the Coordinator and Facility Agent, Natixis (through Nexgen Capital Limited), ZAO Raiffeisenbank, Raiffeisen Bank International AG, Sberbank of Russia and UniCredit Bank Austria AG. The amounts borrowed under the Facility will be applied towards refinancing of the Group’s existing debt and general corporate purposes.

Viktor Vekselberg, Chairman of the Board of Directors of Renova Group of Companies, stated: «The transaction is unique if we consider the list of the club participants which represent commercial and investment bank services. Sberbank’s participation in the deal together with international banks should be highlighted. The banks invited to participate in this transaction have a long-term relationship with Renova Group of Companies, which allowed it to raise financing on attractive terms and demonstrates that the Group is a reliable partner on both Russian and global markets».

Oksana Panchenko, Board Member, Head of Corporate Banking&Corporate Finance Directorate at ZAO Raiffeisenbank, says that «a loan of such a size and structure as well as interest from international and Russian banks in a club deal for Renova Group of Companies proves financing opportunities opening up for innovative companies on the recovering international market».

About Renova Group:

Renova Group is a leading Russian private business group that holds and manages assets in metallurgy, oil, mining, chemical, real estate development, energy, telecommunications, high-tech engineering, utilities and financial sectors in Russia as well as CIS, Switzerland, Italy, South Africa and the United States. Among the Group’s most important inputs are investments in TNK-BP, UC RUSAL, IES, as well as in Swiss high-tech and industrial companies OC Oerlikon and Sulzer.

ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 9th among the Russian banks in terms of assets, based on Q3/2010 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 6th in terms of private deposits and 8th with regard to consumer lending.

Raiffeisen Bank International AG regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. More than 59,000 employees service about 15 million customers through around 3,000 business outlets, the great majority of which are located in CEE. RBI is the only Austrian bank with a presence in both the world’s financial centres and in Asia, the group’s further geographical area of focus. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, which is listed on the Vienna Stock Exchange; the remainder is in free float. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the group head office of the entire RZB Group, including RBI.


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