ZAO Raiffeisenbank in tandem with Raiffeisen Bank International AG (the Raiffeisen Group) acted as a creditor and authorised lead organiser for a USD 1 billion club deal loan for Gazprom Neft.
The loan is provided by a group of banks and consists of two credit lines: a non-revolving credit line with a USD 700 million drawdown limit for 5 years after the first drawdown to be repaid within the last three years, and a revolving credit line with a USD 300 million drawdown limit for 3 years after the first drawdown with a bullet repayment at the end of the term.
The funds raised will be used to finance the company’s current projects.
The interest rate for the non-revolving credit line is LIBOR plus a premium of 1.75% per annum. The interest rate for the revolving credit line is LIBOR plus a premium ranging from 1.20% to 1.50% per annum, depending on the level of utilization of the loan facility.
BNP Paribas (Suisse) SA, Commerzbank Group, Crйdit Agricole Corporate and Investment Bank, Den Norske Syndicates, HSBC BANK PLC, Mizuho Corporate Bank, Ltd., Sumitomo Mitsui Banking Corporation Europe Limited, UniCredit also acted as organisers and creditors.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 12th among the Russian banks in terms of assets, based on 2012 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of liabilities of individuals and 10th with regard to consumer lending.
Raiffeisen Bank International AG (RBI) 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. 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. In total, around 61,000 employees service about 14.1 million customers through around 3,100 business outlets, the great majority of which are located in CEE. 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, the remainder is in free float. RBI’s shares are listed on the Vienna Stock Exchange. 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.