Rosbank participated in a syndicated pre-export finance facility for EuroChem Group AG
- 07 October
Rosbank together with Societe Generale and a pool of other international lenders participated in a 5-year USD 800 million pre-export finance facility for EuroChem Group AG (hereinafter "EuroChem").
The facility was arranged on a club basis. The company will use the proceeds to refinance part of its debt, including the full repayment of a pre-export facility signed in August 2015. The facility was well oversubscribed.
Rosbank’s First Deputy Chairman of the Management Board, Head of Coverage and Investment Banking for Russia/CIS, Societe Generale Corporate & Investment Banking, Ilya Polyakov commented: “Rosbank has a long-term and fruitful cooperation with EuroChem. We are always ready to support our customers and we see significant potential in the development of the natural resources sector.”
"EuroChem" is a leading global agrochemical company, producing primarily nitrogen and phosphate fertilizers. The Group is vertically integrated with activities spanning from mining and hydrocarbons extraction to fertilizer production, logistics, and distribution.