Rosbank took part in the club-deal on financing ChelPipe Group

    09 January

Rosbank as a part of pool of 6 international financial institutes performed as a mandated lead arranger and money lender of syndicated loan for JSC Pervouralsk New Pipe Plant for an amount of up to 150 million euro (or equivalent in US dollars). The deal was closed as a four-year unsecured club contract. ChelPipe Group will send finances to refinance current corporate debt. The loan agreement was signed in the form of standardized documentation for syndicated lending by the Russian law.

«This deal is a continuation of the long-term partnership and strategic cooperation between Rosbank and ChelPipe Group, leading Russian pipe manufacturer. We are proud to support our client in the development of high-tech «white metallurgy» and see a significant potential in increasing the company’s foreign orders portfolio», - said Ilya Polyakov, First Deputy CEO of Rosbank, Chief Country Officer for Russia, Societe Generale Corporate & Investment Banking.