Rosbank among mandated lead arrangers and bookrunners of the USD 350 million Syndicated Facility for PJSC Sovcombank
- 11 January
Rosbank, as part of the syndicate of banks, acted as one of the mandated lead arrangers of a Syndicated Facility in the total amount of USD 350 million for PJSC Sovcombank. The loan has two tranches with 12 and 18 months maturities. The funds are used to finance foreign trade operations, general corporate purposes and finance the further growth of the Halva BNPL portfolio.
The ESG loan met great interest among foreign and Russian banks, as well as development institutions. As a result of a significant oversubscription, Sovcombank increased announced loan amount from USD 200 million to USD 350 million.
Rosbank (part of the Societe Generale Group) is one of the mandated lead arrangers and bookrunners along with other international and Russian banks.
"Rosbank is one of the leading banks on the syndicated loan market. We are grateful for the confidence and believe that our partnership with Sovcombank will develop in the future. Moreover, we are glad to contribute to the development of the Russian financial industry", Sergey Kozelkov, senior banker of Rosbank.
Comment by Dmitry Gusev, CEO of PJSC Sovcombank:
"This is already our second syndicated loan arranged with a group of international and Russian investors, but it is our first ESG facility. We are pleased that the loan’s social focus, high credit ratings and transparency of Sovcombank attracted a large number of participants, which allowed us to increase the amount by more than one and a half times compared with the amount we had originally planned to borrow and extend the tenor the loan.”