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Raiffeisenbank arranges a loan for Segezha Group

Raiffeisenbank acted as an arranger and security agent for a debut syndicated loan for Segezha Group, a leading Russian vertically integrated forest industry holding (subsidiary of PJSFC Sistema). The €383.6 m loan was granted for the term of 5 years.

The transaction structure envisages corporate financing and investment project financing tools The loan term is potentially extendable up to 7–10 years through export credit financing to be provided with insurance from European export credit agencies.

«We are pleased to have successfully closed this syndicated deal, which is momentous for the Russian market, — Oksana Panchenko, member of the Management Board, Head of Corporate Banking and Corporate Finance Division of Raiffeisenbank affirms.- The loan agreement signed with Segezha Group is the first deal of such scale and complexity between European banks and a Russian industrial enterprise in the last two years.»

The funds will be used for general corporate needs as well as to finance the Segezha Group investment programme including the upgrade of the Segezha pulp&paper mills and construction of a new plywood factory in Kirov.

The deal also involves Raiffeisen Bank International AG, ING BANK (EURASIA) AO, ING Bank N.v. Dublin Branch and PAO Sberbank. ING BANK N.v. , LONDON BRANCH acted as a documentation agent for the transaction.

AO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 14th among the Russian banks in terms of assets, based on Q3 2016 results (Interfax-CEA). According to the same Interfax-CEA data, AO Raiffeisenbank ranked 10th in terms of liabilities of individuals and 7th with regard to consumer lending.

Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, as well as 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 14 markets. In total, more than 51,000 employees service 14.9 million customers through more than 2,600 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 60.7 per cent of the shares, 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.


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