Societe Generale and Rosbank participated in syndicated loan to FC Otkritie for a total amount of USD 185 million
Societe Generale and Rosbank participated in syndicated loan, raised by FC Otkritie for a total amount of USD 185 mln.
The loan will mature in one year with the option to extend it for another year. Proceeds will be used to provide financing to the Bank’s corporate clients in the Russian gold mining industry.
“This is the only syndicated loan raised by Russian banks in 2015, - said Managing Director, Head of International Business of Otkritie FC Bank Yuri Lekarev. The lenders are banks from Europe, the USA, and Asia, which demonstrates the high level of financial confidence that investors from these regions continue to have in Otkritie FC Bank. Importantly, the funds have been raised on the same terms and conditions as in autumn 2014, despite the deteriorated macroeconomic environment.”
«It’s the fourth time Societe Generale assists FC Otkritie to attract syndicated finance, which proves a close cooperation between the two companies. Financing successfully raised by FC Otkritie shows a gradual market recovery and it’s a positive indicator for other market players. We are glad to be a part of banks’ consortium, provided financing, our main goal is developing relations with large and stable financial corporations in term of syndicated facilities», - Deputy Chairman of the Management Board – Member of the Management Board of Rosbank, Head of Coverage and Investment Banking for Russia/CIS, Societe Generale Corporate & Investment Banking Ilya Polyakov commented.