Rosbank took part in the club-deal on financing EuroChem Group AG
Rosbank, as part of a group of 13 international banks, acted as an authorized mandated lead arranger of the loan for a total of $750 million for EuroChem Group AG. EuroChem will send the money to the general corporate needs and further reduction of risks of refinancing and interest rates.
The credit is structured as a five-year funding and includes a two-year grace period for the payment of the principal debt.
“Rosbank and EuroChem are long-term business partners and we are glad to contribute to the development of the company. It’s not the first club-deal on EuroChem financing, in which Rosbank takes part. It shows our long-term commitment to our key clients and confirms our experience in the syndicated lending sphere”, - said First Deputy CEO of Rosbank and Chief Country Officer for Russia, Societe Generale Corporate & Investment Banking Ilya Polyakov.