06.07.2007, 16:14
RosEvroBank Attracted 2 year Trade Related Syndicated Loan
OREANDA-NEWS. July 6, 2007. RosEvroBank attracted 2-year trade related syndicated loan for US$ 45 million. Facility Agreement was signed in Moscow.
Bank Austria Creditanstalt AG (Vienna, Austria) and Commerzbank AG (Frankfurt am Main, Germany) acted as Mandated Lead Arrangers of the transaction. Bank Austria Creditanstalt AG (Vienna, Austria) acted as Agent of the transaction. Besides, 10 more banks from Germany, United Kingdom and The Netherlands have participated in the transaction. Proceeds from the syndicated loan will be used to finance trade transactions of customers of Rosevrobank.
This is the forth syndicated loan attracted by RosEvroBank. On 10 October 2005 Rosevrobank signed an individual Loan Agreement with KfW Bankengruppe for the amount of USD 12 million for 7 years in order to refinance its portfolio of loans granted to SME business, on 19 December 2005 Rosevrobank attracted its first syndicated loan in the amount USD 15 million for 1 year (MLA was Ost-West Handelsbank AG), on 28 June 2006 RosEvroBank attracted its second syndicated loan for USD 53 million (MLA were Raiffeisen Zentralbank Oestrrreich AG and ZAO Raiffeisenbank Austria), on 28 December Rosevrobank attracted its third syndicated loan for amounts USD 13 million and EUR 16 million for 2 years (MLA - Landesbank Berlin AG and VTB Bank (Deutschland) AG).
On 13 April 2007 RosEvroBank successfully performed its debut LPN transaction. Arranger -- BCP Securities (Greenwich CT, USA), amount - USD 150 million, tenor - 18 months, coupon - 9% p.a. Road-show was conducted from 21 March 2007 to 6 April 2007 in London, Singapore, Bangkok, Hong Kong, Zurich, Geneva, New York and Miami.
RosEvroBank was incorporated in 1993 and maintains approximately $320 million in unsecured credit lines from foreign financial institutions and export credit agencies.
On 25 June 2007 RosEvroBank, Moscow, signed agreements with DEG (www.deginvest.de) who purchased 6% of shares and with Direct Investments Foundation "RenFin Limited" (www.rencap.com), who also purchased 6% of shares. Direct Investments Foundation "RenFin Limited" is managed by "Renaissance Investment Management" group of companies. Total volume of investments exceeded USD 50 million. Funds will be used by RosEvroBank to further develop its regional network and loan portfolio. Representatives of DEG and RenFin will be members of the Board of Directors of RosEvroBank.
RosEvroBank is specialized in doing business with corporate customers. Total assets as of 31 March 2007 amounted USD 1,242 million (IFRS), shareholders' equity rose up to USD 175.47 million, dimension of loan portfolio as of 31 March 2007 was USD 867.45 million. RosEvroBank demonstrates good profitability (as of 31 March 2007 net profit amounted USD 8.5 million).
RosEvroBank currently serves more than 12000 corporate customers in its 9 offices in Moscow, 2 regional subsidiaries and 10 credit offices. The Bank plans further expansion (establishment of 2 Moscow offices, 3 regional subsidiaries and 20 credit offices by the end of 2007).
Bank Austria Creditanstalt AG (Vienna, Austria) and Commerzbank AG (Frankfurt am Main, Germany) acted as Mandated Lead Arrangers of the transaction. Bank Austria Creditanstalt AG (Vienna, Austria) acted as Agent of the transaction. Besides, 10 more banks from Germany, United Kingdom and The Netherlands have participated in the transaction. Proceeds from the syndicated loan will be used to finance trade transactions of customers of Rosevrobank.
This is the forth syndicated loan attracted by RosEvroBank. On 10 October 2005 Rosevrobank signed an individual Loan Agreement with KfW Bankengruppe for the amount of USD 12 million for 7 years in order to refinance its portfolio of loans granted to SME business, on 19 December 2005 Rosevrobank attracted its first syndicated loan in the amount USD 15 million for 1 year (MLA was Ost-West Handelsbank AG), on 28 June 2006 RosEvroBank attracted its second syndicated loan for USD 53 million (MLA were Raiffeisen Zentralbank Oestrrreich AG and ZAO Raiffeisenbank Austria), on 28 December Rosevrobank attracted its third syndicated loan for amounts USD 13 million and EUR 16 million for 2 years (MLA - Landesbank Berlin AG and VTB Bank (Deutschland) AG).
On 13 April 2007 RosEvroBank successfully performed its debut LPN transaction. Arranger -- BCP Securities (Greenwich CT, USA), amount - USD 150 million, tenor - 18 months, coupon - 9% p.a. Road-show was conducted from 21 March 2007 to 6 April 2007 in London, Singapore, Bangkok, Hong Kong, Zurich, Geneva, New York and Miami.
RosEvroBank was incorporated in 1993 and maintains approximately $320 million in unsecured credit lines from foreign financial institutions and export credit agencies.
On 25 June 2007 RosEvroBank, Moscow, signed agreements with DEG (www.deginvest.de) who purchased 6% of shares and with Direct Investments Foundation "RenFin Limited" (www.rencap.com), who also purchased 6% of shares. Direct Investments Foundation "RenFin Limited" is managed by "Renaissance Investment Management" group of companies. Total volume of investments exceeded USD 50 million. Funds will be used by RosEvroBank to further develop its regional network and loan portfolio. Representatives of DEG and RenFin will be members of the Board of Directors of RosEvroBank.
RosEvroBank is specialized in doing business with corporate customers. Total assets as of 31 March 2007 amounted USD 1,242 million (IFRS), shareholders' equity rose up to USD 175.47 million, dimension of loan portfolio as of 31 March 2007 was USD 867.45 million. RosEvroBank demonstrates good profitability (as of 31 March 2007 net profit amounted USD 8.5 million).
RosEvroBank currently serves more than 12000 corporate customers in its 9 offices in Moscow, 2 regional subsidiaries and 10 credit offices. The Bank plans further expansion (establishment of 2 Moscow offices, 3 regional subsidiaries and 20 credit offices by the end of 2007).
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