US$ 300,000,000 Syndicated Pre-Export Finance Facility in favour of TOO Aktyubinsk Copper Company

    16 December

Natixis, Societe Generale Corporate & Investment Banking (SG CIB) and Rosbank have arranged a US$300 million Syndicated Amortizing Pre-export Finance Facility (the “Facility”) for TOO Aktyubinsk Copper Company within the Russian Copper Company Group (“RCC” or the “Company”). Natixis was mandated as Coordinator and acted as Joint Bookrunning Mandated Lead Arranger with SG CIB and Rosbank.

With a five-year tenor, the Facility will refinance TOO Aktyubinsk Copper Company’s existing indebtedness and will also be used for general corporate purposes. The Facility is backed by the assignment of export proceeds from the international traders and by first demand guarantees from the parent holding company and the Kazakh operating companies of the RCC Group.

The Facility was successfully syndicated in the market with almost a double oversubscription, showing strong appetite not only from the key relationship banks of RCC, but also attracting new financial partners for the Company. Eleven international financial institutions joined the deal with Alfa Bank, ING Bank, Natixis, Sberbank, SG CIB and PJSC ROSBANK as well as VTB Bank acting as Mandated Lead Arrangers; Expobank, RCB Bank and Sovcombank as Lead Arrangers and BCS as Arranger. Natixis, Sberbank (Kazakhstan) and PJSC ROSBANK acted as Account Banks. Natixis was the Facility and Security Agent of the Facility, while SG CIB acted as Fixed Rate Provider.

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