Rosbank acted as an authorized leading organizer of a preexport funding deal of PJSC "Uralkali"
- 30 July
PJSC "Uralkali", one of the world's largest potassium producers, signed an agreement with 11 international banks on the granting of 5-year loan for the sum of 825 million dollars. PJSC ROSBANK acted as an authorized leading organizer, a bookrunner as well as a passport bank of the deal.
Rosbank acted as a coordinator of the loan in collaboration with ING Bank N.V. and SGBT Asset Based Funding S.A.
Attracted loan funds will be transferred to the refinancing of debts and a financing of current activity of “Uralkali”.
Deputy CEO, Head of Corporate Block of PJSC ROSBANK
We appreciate the fact that PJSC “Uralkali”, one of the world’s major potassium producers, entrusted us the organization of a preexport financing deal. The support of Russian heavy industry is one of the prior directions of our activity as a lender and we expect our fruitful cooperation to continue in the future
“Attractive terms and conditions for the deal and the participation of new lenders are the factors that confirm once again that the largest international credit organizations want to cooperate with our company. A high interest to the deal reflects the positive environment on potassium market that goes on since the middle of 2017. In particular, we observe a consistent price growth on the markets of Brazil and South-Eastern Asia. We would like to thank our partners for the high level of support and long-term trustful relations and we hope for further fruitful partnership”, Anton Vischanenko, Economy and Finance Director of PJSC “Uralkali”.
PJSC “Uralkali” is one of the world’s leading producers and exporters of potassium. Production assets of the company include five mines and seven ore-processing plants, situated in the cities of Berezniki and Solikamsk (Perm Region). About 11 000 workers work on the main production unit of the Company. The bonds of PJSC “Uralkali” circulate on the Moscow Exchange House.