Rosbank acted as an organizer of a $200 million syndicated loan deal with PJSC “Sovcombank”.

    30 September

Rosbank as a part of the syndicate of international banks acted as an organizer of a $200 million syndicated loan for PJSC “Sovcombank”. The deal was closed for 1-year period. The interest rate for the loan is 3m Libor+1.7% per year. The money will be transferred to the financing of trade operations and general corporate purposes.

The leading organizers are Citibank, N.A., LLC “HSBC Bank”, ING Bank (Eurasia) JSC, PJSC ROSBANK (a part of Societe Generale Group) and Commerzbank AG. The coordinator and deal agent is ING Bank N.V.

“Rosbank is one of the leading banks in the field of syndicated lending. We appreciate the trust of PJSC “Sovcombank” and we expect that our partnership will continue in the future. Moreover, we are glad to make our own contribution to the development of Russian financial sector”, Sergey Kozelkov, Senior Vice-President, Director of Financial Institution Relations Department of Rosbank.

“This debut syndicated loan became an important milestone in the expansion of the international operations of the Bank that demonstrate the level of trust from large foreign banks, the high assessment of our business model and the results achieved. We thank our partners and we expect the further fruitful partnership”, Mikhail Avtukhov, Deputy CEO, Head of CIB Division of Sovcombank.