ZAO Raiffeisenbank together with Raiffeisen Bank International AG as the initial mandated lead arrangers and bookrunners were mandated to arrange a dual-tranche trade-related syndicated term loan facility for the Bank IBA-MOSCOW, the Russian subsidiary of International Bank of Azerbaijan (Azerbaijan, Baku).
The loan, signed on 25th November, was syndicated to the market and found placement among a broad international investor base, including: Banka Kombëtare Tregtare Sh.a., Bayerische Landesbank, PPF Banka a.s. and Joint Stock Commercial Bank «ROSBANK» (Open joint-stock company) joined the deal as Mandated Lead Arrangers, Baltikums Bank AS, Eurocity Bank AG and UBI Banca International s.a. as Arrangers and Anadolubank Netherland N.V. as Lead Manager. Raiffeisen Bank International AG acted as Documentation and Facility Agent.
The two tranches of the loan comprise $8,330,000 and ˆ21,500,000 one-year facility with a 12-month extension option, guaranteed by International Bank of Azerbaijan Open Joint Stock Company and granted for trade finance purposes: on-lending to the customers of the Bank «IBA-MOSCOW» LLC to finance their import contracts.
«This has been one of the few deals with a wide syndication for a Russian bank on the international market lately. Its successful closing and composition of the lenders evidence foreign investors’ growing interest and confidence in the borrower», says Nikita Patrakhin, Member of the Board, ZAO Raiffeisenbank.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 12th among the Russian banks in terms of assets, based on Q3 2013 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 59,000 employees serve about 14.3 million customers through more than 3,000 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.